Market Quotes News Portfolio Orders
Edita's profit's surge 42.3% during first 3 quarters
31 Oct 2019 10:22 AM

ArabFinance: Edita Food Industries (EFID) announced in a statement sent to EGX its financial statements, for the fiscal period starting 01/01/2019, ending 30/09/2019. 

The company recorded a consolidated net profit of EGP 285,230,820, for the fiscal period starting 01/01/2019, ending 30/9/2019, versus EGP 200,409,833 recorded for the same period last year, with an increase of 42.3%. 

Moreover, it registered standalone profits of EGP 252,138,321 up from EGP 141,313,571 for the same period last year.

This profit increase is attributed to a sales increase. Where sales recorded a 5.5% increase YOY.