Arab Finance: Edita Food Industries (EFID) reported a 6.46% year-on-year (YoY) hike in consolidated net profit attributable to the parent company for the first half (H1) of 2024, according to the financial statements filed to the Egyptian Exchange (EGX) on August 14th.

Consolidated net profit attributable to the parent company reached EGP 864.689 million in H1 2024, compared to a profit of EGP 812.243 million in the year-ago period.

Moreover, the company generated consolidated sales of EGP 7.989 billion in the six-month period ended June 30^th, up from EGP 5.637 billion in the same period last year.

At the level of standalone financial statement, Edita logged a standalone net profit of EGP 723.992 million in H1 2024, compared to a profit of EGP 648.930 million in H1 2023.

Founded in 1996, Edita is an Egypt-based leader in the packaged snack food market that operates within the manufacturing, marketing, and distribution of a range of branded baked snack products, including packaged cakes, croissants, rusks, and wafers, as well as selected confectionery and candy products.

Orascom Investment sees 4.9% YoY lower consolidated losses in 9 months Updated 12/31/2025 9:47:00 AM

Mohandes Insurance sees 4.86% YoY lower profits in 9 months Updated 12/31/2025 8:50:00 AM

Quantum Investment ups stake in Edita to 48.79% Updated 12/23/2025 1:14:00 PM

Edita sees EGP 1.261B block-trading deal Updated 12/22/2025 10:54:00 AM

ICON’s consolidated profits shrink 40% YoY in 9 months Updated 12/18/2025 10:55:00 AM