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Mansoura Poultry profits drop 95% in 9 months

Mansoura Poultry profits drop 95% in 9 months
Photo Credit: Arabianeye-Reuters
Mansoura Poultry
MPCO
8.27% 1.30 0.10

Cairo - Mubasher: Mansoura Poultry reported net profits of EGP 121.65 for the first nine months of 2015, a decline of 95% from EGP 235.98 million for the same period of the previous year.

The company's profits plunged 56.8% to EGP 9 million in the first half of 2015, compared with EGP 20.9 million for the same period a year earlier.

The firm is capitalised at EGP 49.5 million, distributed across 4.9 million shares at EGP 10 par value each.