Arab Diary’s profits surge 126% in H1 of 2019

CAIRO – 28 August 2019: The Arab Dairy Products Co. (Panda) recorded consolidated profits of LE 20 million during the first half of 2019, up from LE 8.84 million in the same period of 2018, with an increase of 126.2 percent.

Panda’s financial indicators revealed that sales hiked to LE 614.89 million during the first six months of 2019, compared to LE 578.66 million during the same months of 2018.
As per standalone results, profits rose to LE 19.86 million during January/June 2019, compared to LE 8.63 million during the same period of 2018.

During the second quarter of 2019, Panda’s profits declined to LE 2.71 million, down from LE 7.99 million during the same quarter of 2019.

The company’s profit during the first quarter of 2019 surged to LE 17.29 million, compared to LE 853,024 in the same period during the prior year.

Arab Dairy operates within the food, beverage & tobacco sector focusing on packaged foods & meats. It has one subsidiary operating across Egypt, working on food distributing.