Edita will enter the frozen bakery segment in Egypt and plans to invest EGP 400 million to expand its business over the coming year.
The company said in a filing to the Egyptian Stock Exchange (EGX), Sunday, that these investments are aimed at expanding the company's operational operations.
As for standalone results, the company profits rose to LE 300.28 million during January-June 2021, compared to LE 253.6 million in the period of 2020.
Edita Food Industries has won the top innovative food manufacturer award at bt100 Awards.
The company targets opening new markets in Africa and some strategic markets in the Arab region in the coming period.