Universal for Paper and Packaging Materials Reports Earnings Results for the Nine Months Ended September 30, 2019
Universal for Paper and Packaging Materials reported earnings results for the nine months ended September 30, 2019. The company posted a 19.66% year-on-year profit slide during the first nine months of 2019. The company's net profit fell to EGP 21.09 million in the January-September period of 2019, compared to EGP 26.25 million in the corresponding period a year earlier. Net sales declined to EGP 353.617 million in the nine-month period ended 30 September from EGP 399.122 million in the prior-year period.