Domty’s consolidated net profits rise 1.29% YoY in Q1

Updated 5/23/2024 10:05:00 AM
Domty’s consolidated net profits rise 1.29% YoY in Q1

Arab Finance: Arabian Food Industries Company’s (Domty) consolidated net profits attributable to the parent company edged up 1.29% year on year (YoY) during the first quarter (Q1) of 2024, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on May 23rd.

The company has recorded a consolidated net profit attributable to the parent company of EGP 153.302 million in Q1 2024, compared to EGP 151.356 million in Q1 2024.

Consolidated sales surged to EGP 2.282 billion in the first three months of the year from EGP 1.698 billion in the year-ago period.

As per the standalone financial statement, Domty recorded net profits excluding income tax and health insurance of EGP 153.141 million in Q1 2024, compared to EGP 151.656 million in Q1 2023.

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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