Earnings Report /
Egypt

Cairo Poultry: 3Q21| Commodity prices shore up topline growth; Bottom-line improves

  • Higher feed and processing prices continue to drive top-line growth, coupled with rising volumes in the poultry segment

  • Surging commodity prices pressure annual GPM performance, but bottom-line improves on lower interest expense

  • Fourth quarter tied to unfavorable seasonality; Management expects prices to correct in 4Q21

Merna Arafat
Al Ahly Pharos Securities Brokerage
3 November 2021