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Edita’s consolidated profits 57% YoY higher in Q1-2022

Edita’s consolidated profits 57% YoY higher in Q1-2022

ArabFinance: Edita Food Industries (EFID) has reported a 57% year-on-year (YoY) increase in consolidated profits after tax during the first quarter (Q1) of 2022, registering EGP 162.424 million, according to financial indicators filed to the Egyptian Exchange (EGX) on Monday.

Revenue surged 34% to EGP 1.559 billion in Q1-2022, from EGP 1.166 billion in the three-month period ended March 31st.

Founded in 1996, Edita is an Egypt-based leader in the packaged snack food market.

It manufactures, markets, and distributes a range of branded baked snack products, including packaged cakes, croissants, rusks, and wafers, as well as selected confectionery and candy products.

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