Cairo Poultry Company (CPC) [POUL.CA] posted KPIs for 3Q2016, with a net income of EGP47.8mn, down c40% Y-o-Y, despite a 19% Y-o-Y growth in revenue. Meanwhile, gross profit margin declined 1.8pp Y-o-Y to 20.5%, with gross profit reaching EGP150.1mn (+9% Y-o-Y), while operating profit decreased c4% Y-o-Y to EGP86.3mn, with EBIT margin narrowing 2.8pp Y-o-Y to 11.8%. (Company disclosure)
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