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Mansoura Poultry reports 151% rise in Q1

Mansoura Poultry reports 151% rise in Q1
Net profit reached EWP 8.5 million ($959,200) in Q1-16 (Photo credit: Arabianeye - Reuters)
Mansoura Poultry
MPCO
8.27% 1.30 0.10

Cairo – Mubasher: Mansoura Poultry Company’s earnings rose by 151.4% year-on-year in the first quarter of fiscal 2016.

Net profit reached EWP 8.5 million ($959,200) in Q1-16, versus EGP 3.4 million ($381,500) in Q1-15, according to a bourse filing released on Wednesday.

The company earlier posted a net profit of EGP 13.2 million in 2015.