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Egypt for Poultry profits decline 89% in 9M

Egypt for Poultry profits decline 89% in 9M
Photo Credit: Arabianeye - Reuters
Egypco
EPCO
-3.15% 4.00 -0.13

Cairo – Mubasher: Egypt for Poultry said its consolidated interim financial statements for the first nine months of the fiscal year 2015/16 have reflected a decline of 89% in net profits.

The firm saw net profits of EGP 336,300 within this nine-month period, down from EGP 3.35 million for the same period a year earlier.

The company said earlier, it reported losses of EGP 471,200 for the financial period ended 30 September 2015, against profits of EGP 498,000 for the comparable period a year earlier.