10th of Ramadan City/Thursday 03/19/2024 | Al-Mansoura Poultry Company LLC (registered with the code MPCO.CA on the Egyptian Stock Exchange), a leading company in the poultry sector in Egypt, which was established in 1983 and works in the field of poultry wealth, announces the results of the company’s business for the financial period ending on December 31, 2023.

During the year 2023, the company achieved revenues amounting to 497,532,026 million pounds, in addition to various other revenues amounting to 20 million pounds, recording more than two and a half times what was achieved during the year 2022, which amounted to 143.3 million pounds, with a growth rate of 247%, and the company achieved record results with improvement in all Financial indicators, as the total profit before taxes amounted to 127.4 million pounds, and the net profit after tax was 107.2 million pounds, compared to losses for the year 2022 of 33.8 million pounds, with a growth rate of 478%.

Total assets reached 308.4 million pounds in 2023, compared to 110 million pounds at the end of 2022, a growth rate of 180%.

Total property rights amounted to 174.6 million pounds in 2023, compared to 67.4 million pounds at the end of 2022, a growth rate of 159%.

The activity of selling day-old chicks contributed 58% of the company’s total revenues on December 31, 2023, with a value of 291.9 compared to a value of 95.3 at the end of 2022. A growth rate of 206%.

While the company's fattening activity achieved 26% of total revenues in 2023, at a value of 129.5 million pounds, compared to a value of 8.8 million pounds in 2022, a growth rate of 1372%.

The activity of both hatching eggs and the sale of mothers and other products contributed to 16% of the total revenues in 2023, with a value of 76 million pounds, compared to 40 million pounds in 2022, with a growth rate of 90%.

The company was able to achieve good profitability rates during this period with a gross profit margin of 131% compared to losses of 35% for the comparison period, while earnings per share reached 0.22 pounds per share during the year 2023.

For more information, you can find it at the following link:

https://drive.google.com/file/d/1erIvlT8-8o9WA0855l0KHzNxO_iXPvKS/view?usp=drive_link