ArabFinance: Cairo Poultry Company (CPC) (POUL) registered a 197.2% year-on-year (YoY) hike in consolidated profit attributable to the parent company during the first half (H1) of 2022, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

The company’s consolidated profits excluding minority interest surged to EGP 235.866 million in H1 2022 from EGP 79.363 million in the same period a year earlier.

Consolidated revenue jumped to EGP 3.084 billion from January until the end of June from EGP 2.426 billion the year before.

As for the standalone financials, the company turned to profitability, recording a net profit after tax of EGP 597,776 in the January-June period, compared to a net loss of EGP 26.954 million in the corresponding period a year earlier.