Arab Finance: Arabian Food Industries Company’s (Domty) consolidated net profits attributable to the parent company rose 177.8% year on year (YoY) during the first nine months of 2023, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on November 14^th.

The company has recorded consolidated net profits of EGP 354.295 million in the nine-month period, compared to EGP 162.683 million in the corresponding period of 2022.

Consolidated sales surged to EGP 5.322 billion in the first nine months of the year from EGP 3.592 billion in the year-ago period.

As per the standalone financial statement, Domty recorded net profits excluding income tax and health insurance of EGP 411.042 million from January to September in 2023, compared to EGP 158.313 million in the same period of 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.

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