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Egypt for Poultry’s Q1 profit rises 20.5%

Egypt for Poultry’s Q1 profit rises 20.5%
Net profit reached EGP 1.17 million ($132,000) in Q1-16 (Photo credit: Arabianeye - Reuters)
Egypco
EPCO
34.23% 9.02 2.30

Cairo – Mubasher: Egypt for Poultry Company’s profits rose in the first quarter of fiscal 2016 by 20.5% year-on-year.

Net profit reached EGP 1.17 million ($132,000) in Q1-16, compared to EGP 972,900 ($109,700) in Q1-15, according to a bourse statement released on Sunday.

The company earlier posted a standalone net profit of EGP 818,000 in 2015, 53.5% down from EGP 1.76 million in 2014.