Mubasher TV
Contact Us Advertising   العربية

Domty's profit inches down in H1-20

Domty's profit inches down in H1-20
Domty’s sales increased to EGP 1.4 billion
Domty
DOMT
-1.80% 12.01 -0.22

Cairo – Mubasher: The consolidated financial statements of Arabian Food Industries Co (Domty) showed net profits of EGP 63.83 million in the first half (H1) of 2020, down by 3.7% year-on-year (YoY) from EGP 66.34 million, including minority shareholders’ rights.

Domty’s sales increased to EGP 1.4 billion in the six-month period ended on 30 June from EGP 1.3 billion in the year-ago period, according to a bourse disclosure on Tuesday.

As for the second quarter (Q2) of 2020, the company achieved net profits of EGP 31.73 million, down from EGP 37.4 million in Q2-19.

The standalone financial results reported a net profit of EGP 58.05 million in H1-20, compared to EGP 57.29 million in the corresponding period a year earlier.

During Q1-20, Domty generated net profits of EGP 32.1 million, up from EGP 28.8 million in the prior-year period.