Cairo – Mubasher: Cairo Poultry reported a 4.1% year-on-year growth in its consolidated profits during the first quarter of 2019.

Net profits reached EGP 37.22 million in the January-March period of 2019, compared to EGP 35.75 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

Year-on-year, sales rose to EGP 1.11 billion in the three-month period ended 31 March from EGP 1.07 billion.

As for standalone business, the company turned into losses of EGP 9.28 million in Q1-19, against a profit of EGP 1.14 million in Q1-18.

During the 12-month period ended 31 December 2018, the company’s net profits after taxes stood at EGP 147.62 million, compared to EGP 365.6 million in 2017.

Revenues rose to EGP 4.57 billion last year from EGP 4.3 billion in 2017.