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Mansoura Poultry profits decline 56.8% in H1

Mansoura Poultry profits decline 56.8% in H1
Photo Credit: Arabianeye-Reuters
Mansoura Poultry
MPCO
2.05% 1.19 0.02

Cairo – Mubasher: Mansoura Poultry recorded a decline of 56.8% in net profits for the first half of 2015, as it reached EGP 9 million compared with EGP 20.9 million for the same period of the previous year.

The company's gross profit recorded EGP 8.9 million in H1-2015, compared with EGP 6.77 million for the similar period of the previous year, a rise of 31.69%.

Meanwhile, the firm reported net profit of EGP 3.1 million for the first quarter of 2015, compared with EGP 38.2 million for the corresponding period of the previous year.