Cairo – Mubasher: Universal for Paper and Packaging Materials (Unipack) reported a 26.5% decline in net profits during the first quarter (Q1) of 2020.
Net profits amounted to EGP 5.32 million, compared with EGP 7.25 million in Q1-19, according to the company’s statement to the Egyptian Exchange (EGX).
The company posted a 17.3% decline in profits last year to EGP 25.37 million, as sales decreased to EGP 441.14 million.
