Edita’s profits surge 63.4% during 1st half of 2019

CAIRO – 31 July 2019: Edita Food Industries SAE (EFID) recorded consolidated profits of 167.84 million including minority rights during the first half of 2019, compared to LE 102.74 million during the same half of 2018, marking an increase of 63.36 percent.

Edita’s financial indicators revealed that the company accomplished sales of LE 1.84 billion during the first six months of 2019, up from LE 1.67 during the same months of 2018.

During the second quarter of 2019, the company recorded net consolidated profits of LE 42.91 million, compared to LE 33.29 million during the same three months of 2018.

As per standalone profits, Edita recorded profits of LE 150.63 million during the first half of 2019, compared to LE 62.38 million during the same months of 2018.

The company hit profits of LE 114.3 million during the first three months of 2019, marking an increase of 87.8 percent on a year-on-year basis.

Edita operates within the Food, Beverage and Tobacco sector focusing on Packaged Foods and Meats.