Domty’s profits surge 151% in 2018

CAIRO – 31 March 2019: Arabian Food Industries Co (DOMTY) recorded consolidated profits of LE 154.6 million during 2018, compared to LE 61.52 million in 2017 including minority rights, with an increase of 151 percent.

The financial indicators published at the Egyptian Exchange (EGX) revealed that the company’s sales rose to LE 2.58 billion, compared to LE 2.25 billion in 2017.

As per standalone results, the company achieved profits of LE 139.4 million, compared to LE 49.98 million in 2017.

Domty recorded profits of LE 132.8 million during the first nine months of 2018, compared to LE 28.47 million during the same months of 2017.

In December, the company signed a deal with the US-based AMF Bakery Systems to supply and install a new bakery production line at a cost of $4 million to produce 400,000 pieces a day.

Arabian Food Industries Co. operates within the food, beverage & tobacco sector focusing on packaged foods & meats.