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Domty switches to profitability in H1

Domty switches to profitability in H1

Arab Finance: Arabian Food Industries Company (Domty) (DOMT) turned to profitability during the first half (H1) of 2022, recording a consolidated net profit attributable to the parent company of EGP 111.101 million, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

Sales surged to EGP 2.274 billion in H1 2022 from EGP 1.317 billion in H1 2021.

The company posted a standalone net profit after tax of EGP 107.852 million in the six-month period ended June 30th, compared to a net loss of EGP 37.421 million the year before.

Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.

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