Cairo – Mubasher: Cairo Poultry’s posted on Thursday a 14.4% decrease in the company’s consolidated profits for the fourth quarter of the fiscal year 2016 to EGP 114.5 million, versus EGP 133.9 million for Q4-15.
In the fiscal year 2016, consolidated profit declined 12.9% to EGP 263.3 million from EGP 302.4 million for fiscal 2015.
However, the standalone profits rose in fiscal 2016 top EGP 259.9 million from EGP 237.9 million for fiscal 2015, according to a bourse statement.
The stock closed Tuesday’s trading at EGP 4.5%, up 1.58%.
