By: Heba El-Kordy

Cairo – Mubasher: The stock of Edita Food Industries fell to its lowest level ever during Monday’s trading session.

By 12:12 p.m. Cairo time, the stock declined by 2.72% to EGP 7.5 after 28.51 million shares were exchanged at a turnover of about EGP 215,150.

Since the beginning of 2021, the stock has dropped by 15.51% or EGP 1.38 after generating EGP 350.8 million in turnover.

In 2020, the company’s stock slid by 36.43% or EGP 5.1 with a trading value of EGP 1.69 billion.

Earlier in April, Edita’s shareholders approved a capital cut through cancelling 2.3 million treasury shares with a nominal value of EGP 460,892.

The issued capital will stand at EGP 144.611 million, compared to EGP 145.07 million.

In 2020, the company's consolidated net profits fell to EGP 347.72 million, compared to EGP 410.23 million in 2019, including minority shareholders’ rights.