Edita profits record LE 347.72M in 2020

CAIRO – 25 February 2021: Edita Food Industries S.A.E recorded a decline in its consolidated profits during 2020 by 15.2 percent, recording LE 347.72 million, compared to LE 410.23 million in 2019, including minority rights.

The company registered sales of LE 4.021 billion in 2020, compared to sales of LE 4.025 billion in 2019.

As for standalone results, the company profits dipped LE 393.1 million in 2020, compared to LE 440.35 million in 2019.

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.