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Domty calls general assembly to review 2019's financial results

Domty calls general assembly to review 2019's financial results

ArabFinance: Arabian Food Industries Company Domty S.A.E. (DOMT) called for holding ordinary and extraordinary meetings to ratify financial results for 2019 and opening a new branch.

Domty’s ordinary general meeting will review on April 19th the financial results and appropriation account for the financial year 2019, moreover, the extraordinary general meeting will discuss amending article no. 4 of the company statute and opening new branch in in 6th of October City.

The company reported net consolidated profit of EGP 156,167,911 in 2019, compared to EGP 154,626,861 achieved a year earlier.

Nevertheless, net standalone profit reached EGP 140,204,410 in 2019, compared to EGP 139,435,226 posted in 2018.

On a quarterly basis, Domty achieved a net profit of EGP 39.1 million in 4Q2019, after achieving sales of EGP 646.9 million.

Domty, founded in 1988 and headquartered in Egypt, is a leader in the growing Egyptian cheese and juice market. The Company manufactures markets and distributes a range of branded white and processed cheeses and juice products, with a family of nearly 200 SKUs under a brand portfolio including Domty, Damo, Gebnety and Bravo.

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