Cairo – Mubasher: Universal for Paper and Packaging Materials (Unipack) reported a 36.1% year-on-year profit decline during the first quarter of 2019.
Net profits stood at EGP 7.25 million in the January-March period of 2019, compared to EGP 11.35 million in the year-ago period, Unipack said in a statement to the Egyptian Exchange (EGX) on Monday.
Meanwhile, revenues fell to EGP 126.87 million in the three-month period ended 31 March from EGP 132.38 million in the same period a year earlier.
For the full-year 2018, Unipack logged a profit of EGP 30.7 million, compared to EGP 55.5 million in the previous year.
