Edita installs new wafer line with investment cost of LE 106M

CAIRO – 7 February 2021: Edita Food Industries S.A.E announced Sunday the installation of a new wafer line at its E08 facility with an investment cost of LE 106 million and a theoretical capacity of 6,400 tons/annum.

According to the company’s statement, this line will enable it to double its wafer production capacity compared to the start of 2020.

“This line will be utilized to produce the company’s newest product in the coated wafer category, Freska Block,” it added.

Edita Food Industries achieved profits of LE 214.53 million during the first nine months of 2020, compared to profits of LE 285.23 million in the same period of 2019, taking into account the minority rights

The company's sales declined during the period to LE 2.79 billion, compared to sales of LE 2.93 billion pounds in the same period of 2019.

As for standalone results, the company's profits rose to LE 253.69 million, up from LE 252.13 million in the comparative period of 2019.

Edita operates within the Food, Beverage sector focusing on Packaged Foods and Meats.