Cairo - Mubasher: Edita Food Industries reported a 110% year-on-year (YoY) surge in its net profits to EGP 196.91 million in the first half (H1) of 2021, compared to EGP 93.78 million, including minority shareholders' rights. 

The sales increased to EGP 2.32 billion in the six-month period ended 30 June from EGP 1.73 billion in the year-ago period, the company said in a bourse disclosure on Monday. 

As for standalone business, the company logged net profits of EGP 189.05 million in H1-21, up from EGP 129.66 million in H1-20.

During the first quarter (Q1) of 2021, Edita Food Industries achieved net profits of EGP 102.5 million, up from EGP 83.06 million in Q1-20, including minority shareholders’ rights.