Domty’s consolidated net profits leap 200.5% YoY in Q1
Updated 5/31/2023 12:17:00 PM
Arab Finance: Arabian Food Industries Company’s (Domty) consolidated net profits attributable to the parent company rose 200.47% year on year (YoY) during the first quarter (Q1) of 2023, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on May 31st.
The company has recorded a consolidated net profit attributable to the parent company of EGP 151.356 million in Q1 2023, compared to EGP 50.373 million in Q1 2022.
Consolidated sales surged to EGP 1.747 billion in the first three months of the year from EGP 1.121 billion in the year-ago period.
As per the standalone financial statement, Domty recorded net profits excluding income tax and health insurance of EGP 151.656 million in Q1 2023, compared to EGP 50.176 million in Q1 2022.
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.
Related News
