Home Tech/AIIndustry & Trade Egypt’s food provider Edita profits surge 44.5% in 2017

Egypt’s food provider Edita profits surge 44.5% in 2017

by Yomna Yasser

Profits of Egypt’s snack food maker Edita increased by 44.5 percent, reaching 243 million Egyptian pounds ($13.8 million) during 2017, according to a bourse filling on Tuesday.

Earlier, profits stood at 168.17 million pounds during 2016.

The company made sales estimated at 3 billion pounds last year up from 2.5 billion pounds a year earlier.

During the third quarter of 2017, profits jumped by 43 percent to 74.11 million pounds, compared with 51.75 million pounds during the same period in 2016.

You may also like

Leave a Comment