Cairo - Mubasher: Edita Food Industries signed a medium-term loan agreement worth EGP 150 million with Credit Agricole Egypt.

The seven-year loan will be used to finance the purchase of Edita's new bakery line, scheduled to be operational during the first quarter (Q1) of 2022, Edita said in a bourse disclosure on Tuesday. 

In the first half (H1) of 2021, Edita Food Industries reported net profits of EGP 196.91 million, up from EGP 93.78 million in H1-20, including minority shareholders' rights.