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Edita’s profits rise 50% in 9 months

Edita Food Industries reported a 50% year-on-year (YoY) increase in its consolidated net profits during the first nine months of 2021.

The company stated in a statement to the Egyptian Exchange today, that it achieved net profits of EGP 321.52 million during the nine months ended last September, compared to EGP 214.53 million in the same period last year.

The company’s sales rose to EGP 3.71 billion during the first 9 months of this year, compared to EGP 2.79 billion in the same period last year.