Cairo – Mubasher: The Consolidated financial indicators of Cairo Poultry on Monday showed a 38% year-on-year surge in profits for 2017 due to a growth in revenues.

Net profit amounted to EGP 364.1 million in 2017, up from EGP 263.3 million in 2016, Cairo Poultry highlighted in a statement to the Egyptian Exchange (EGX).

Revenues increased to EGP 4.3 billion in 2017, compared to EGP 2.6 billion in 2016.

Meanwhile, standalone profits declined marginally to EGP 240.9 million in 2017 from EGP 259.9 million in 2016.

Given that Cairo Poultry’s consolidated profits stood at EGP 316 in the January-September 2017 period, compared to EGP 148.8 million in the corresponding period of 2016.