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Edita's profit surges 50% in nine months

Edita's profit surges 50% in nine months
The sales rose to EGP 3.71 billion in the January-September period
Edita
EFID
-2.79% 32.00 -0.92

Cairo – Mubasher: Edita Food Industries recorded a 50% year-on-year (YoY) increase in its consolidated net profits, logging EGP 321.52 million in the first nine months of 2021, compared to EGP 214.53 million, including minority shareholders' rights. 

The sales rose to EGP 3.71 billion in the January-September period of 2021, compared to EGP 2.79 billion in the year-ago period, Edita said in a bourse disclosure on Wednesday. 

As for standalone business, the company logged net profits of EGP 300.28 million in the period ended 30 September, up from EGP 253.6 million in the corresponding period a year earlier. 

In the first half (H1) of 2021, Edita achieved net profits of EGP 196.91 million, compared to EGP 93.78 million in H1-20, including minority shareholders' rights.