Cairo – Mubasher: The consolidated net profits of Edita Food Industries increased by 23.4% year-on-year (YoY) to EGP 102.5 million in the first quarter (Q1) of 2021 from EGP 83.06 million, including minority shareholders’ rights.

The sales grew to EGP 1.66 billion in the three-month period ended 31 March, compared to EGP 964.07 million in the corresponding period a year earlier, the company said in a bourse disclosure on Monday.

The standalone net profits rose to EGP 100.2 million in Q1-21, compared to EGP 95.2 million in Q1-20.

Over the course of 2020, Edita logged EGP 347.72 million in net profits, compared to EGP 410.23 million a year earlier, including minority shareholders’ rights.