Cairo Poultry’s consolidated financial statements showed a 176.3% year-on-year profit hike during the first six months of 2019.
The company’s consolidated profit reached EGP 127.47 million in H1-19, compared to EGP 46.13 million in the year-ago period.
Sales went up to EGP 2.34 billion from January to the end of June, from EGP 2.25 billion, the year before.
Meanwhile, non-consolidated profit declined to EGP 27.68 million in H1-19, against EGP 28.4 in H1-18.
During the first quarter of 2019, the EGX-listed company’s net profit grew to EGP 37.22 million, compared to EGP 35.75 million a year earlier.