Cairo Poultry reports 62.37% higher consolidated profits in 2022
Updated 3/2/2023 9:08:00 AM
Arab Finance: Cairo Poultry Company (CPC) (POUL) achieved a consolidated net profit after tax, excluding minority shareholders’ rights, of EGP 295.890 million in 2022, up by 62.37% from EGP 182.230 million in 2021, the company’s financial statements showed on March 2nd.
Revenues from contracts with customers during 2022 amounted to EGP 6.472 billion, up from EGP 4.995 billion in 2021.
In terms of standalone business, the firm garnered net profits after tax of EGP 321.71 million in 2022, versus net losses after tax of EGP 62.66 million in 2021.
CPC, a subsidiary of Kuwait Food Company, is an Egypt-based company that operates in the farming and food processing sectors.
The listed firm focuses on the breeding and fattening of chicks, production of animal feed, and hatching of eggs, as well as participating in similar projects inside and outside Egypt.
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