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Domty's profit drops 10% in 9M

Domty's profit drops 10% in 9M
Revenues grew to EGP 2.179 billion in the January-September period
Domty
DOMT
-1.94% 5.10 -0.10

Cairo – Mubasher: The consolidated net profits of Arabian Food Industries Co (Domty) declined to EGP 105.09 million in the first nine months of 2020, down by 10.2% year-on-year (YoY) from EGP 117.04 million.

The company’s revenues grew to EGP 2.179 billion in the January-September period from EGP 2.021 billion in the same period in 2019, according to a bourse disclosure on Wednesday.

As for standalone business, Domty recorded net profits of EGP 94.26 million in the nine-month period ended 30 September, down from EGP 103.57 million in the year-ago period.

During the first half (H1) of 2020, the company reported net profits of EGP 63.83 million, compared to EGP 66.34 million in H1-19, including minority shareholders’ rights.