Edita Food Industries SAE (EFID)

Cairo – Mubasher: Edita Food Industries posted a consolidated net profit after tax of EGP 1.61 billion in 2023, up from EGP 1.02 billion the year before. Consolidated revenues surged to EGP 12.12 billion last year from EGP 7.67 billion in 2022, …

Cairo – Mubasher: Edita Food Industries is targeting investment flows worth nearly EGP 1 billion to increase its production capacity in 2024. The export revenues of the EGX-listed firm exceeded EGP 1 billion in 2023, according to a bourse filing. …

Cairo – Mubasher: The extraordinary general meeting (EGM) of Edita Food Industries has approved a capital cut to EGP 140 million from EGP 144.61 million. The EGX-listed firm will cancel 23.04 million treasure shares at a par value of EGP 0.20, …

Cairo – Mubasher: Edita Food Industries posted consolidated net profits after tax valued at EGP 1.26 billion in the first nine months (9M) of 2023, up year-on-year (YoY) from EGP 673.77 million. Revenues enlarged to EGP 8.75 billion in 9M-23 from …

Cairo – Mubasher: The board members of Edita Food Industries passed cash dividends to the shareholders valued at EGP 299.70 million, according to a bourse filing. The cash amount will be taken from the retained earnings account in the company’s …

Cairo – Mubasher: The board of Edita Food Industries has approved to decrease the capital by around 3% from EGP 144.61 million to EGP 140 million, according to a bourse disclosure. The company will carry out the capital cut transaction by …

Cairo – Mubasher: Edita Food Industries inked a finance agreement with the International Finance Corporation (IFC) to obtain a long-term loan at a total amount of $45 million. The facility deal holds a tenor of eight years, according to a bourse …

Cairo – Mubasher: Edita Food Industries signed two medium-term loan agreements for seven years at a combined value of EGP 390 million, according to a bourse filing. The first loan, which is an acquisition finance, stands at EGP190 million. The …

Cairo – Mubasher: Edita Food Industries plans to inject investment valued at nearly EGP 800 million in 2023, according to a bourse filing. Edita also intends to increase the capital of its fully-owned subsidiary Fancy Foods Company to EGP 400 …

Cairo – Mubasher: The consolidated net profits after tax of Edita Food Industries hit EGP 399.92 million in the first quarter (Q1) of 2023, an annual leap of 146.20% from EGP 162.42 million, including minority interest. The sales reached EGP 2.77 …

Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries greenlighted cash dividends amounting to EGP 400 million for 2022. The shareholders granted their approval for the dividends distribution on 28 March 2023, according to …

Cairo – Mubasher: Edita Food Industries achieved consolidated net profits after tax, including minority interests, at a value of EGP 673.77 million in the first nine months (9M) of 2022, compared to EGP 322.73 million in 9M-22. The consolidated …

Cairo – Mubasher: Rimco EGT Investment has increased its ownership in Edita Food Industries to 5.35% from 3.97% for a total value of EGP 101.50 million. Rimco purchased 10 million shares in Edita at an average price of EGP 10.15 per share, …

Cairo – Mubasher: Edita Food Industries’ net earnings surged by 89.60% year-on-year (YoY) during the first half (H1) of 2022 to EGP 374.91 million, compared with EGP 197.73 million, including minority shareholders’ rights. Sales of the EGX-listed …

Cairo – Mubasher: Edita Food Industries announced that its new bakery line housed at its E07 plant has commenced operations with a total investment value of EGP 135 million. Hence, the total production capacity of the bakery segment will increase …

Cairo – Mubasher: The consolidated net profits of Edita Food Industries jumped by 57% year-on-year (YoY) to EGP 162.42 million in the first quarter (Q1) of 2022, compared to EGP 103.48 million, according to the company's unaudited financials. The …

Cairo – Mubasher: The ordinary general meeting (OGM) of Edita Food Industries has approved a cash dividend distribution of EGP 0.27 per share for 2021. The cash dividend payout aggregates at a total value of EGP 200 million, according to a bourse …

Cairo – Mubasher: Edita Food Industries plans to inject new investments worth EGP 1 billion in the upcoming three years. Through these investments, the company seeks to expand its operational businesses, according to a bourse filing on Sunday. It …

Cairo – Mubasher: Edita Food Industries is targeting additional investments valued at around MAD 170 million in Morocco. Edita Morocco inked a cooperation agreement with the Moroccan Ministry of Industry and Trade to expand its investments in the …

Cairo – Mubasher: The consolidated net profits of Edita Food Industries increased by 52% to EGP 528.87 million in 2021, compared to EGP 347.69 million in the earlier year, including minority shareholders' rights. The company recorded sales of EGP …

Cairo – Mubasher: Edita Food Industries will target investments valued at around EGP 400 million in 2022. The company plans to raise its production capacity and invest in Edita Morocco, a joint venture (JV) between Edita and Morocco’s Dislog …

Cairo – Mubasher: Edita Food Industries has pumped investments worth EGP 200 million to date in the Moroccan market, enhancing its first project in the country. Edita has commenced operations at the new factory in Casablanca City, marking the …

Cairo – Mubasher: Edita Food Industries has signed a non-binding letter of intent to acquire the assets owned by the Egyptian Belgian Company for Industrial Investments. Edita or any of its designated affiliates or subsidiaries plan to acquire …

Cairo – Mubasher: Edita Food Industries recorded a 50% year-on-year (YoY) increase in its consolidated net profits, logging EGP 321.52 million in the first nine months of 2021, compared to EGP 214.53 million, including minority shareholders' …

Cairo – Mubasher: Edita Food Industries announced a price increase for its Molto products, according to a bourse disclosure on Monday.  The prices of Molto products priced at EGP 2 per pack will be increased to EGP 3, while those priced at EGP 3 …