Latest news with #EditaFoodIndustries
Zawya
28-05-2025
- Business
- Zawya
Egypt: Edita's consolidated profits up 14.41% YoY in Q1 2025
Arab Finance: Edita Food Industries (EFID) reported a 14.41% year-on-year (YoY) growth in consolidated net profits attributable to the parent company for the first quarter (Q1) of 2025, achieving EGP 433.286 million, versus EGP 506.253 million, as per a disclosure. Sales amounted to EGP 4.283 billion in the three-month period ended March 31st, up from EGP 3.927 billion in the year-ago period. Edita's standalone net profits after tax came in at EGP 375.200 million during the January-March period of this year, up from EGP 406.003 million in the same period a year earlier. Meanwhile, standalone sales rose to EGP 3.338 billion from EGP 3.142 billion. Founded in 1996, Edita is an Egypt-based leader in the packaged snack food market. It manufactures, markets, and distributes a range of branded baked snack products, including packaged cakes, croissants, rusks, and wafers, as well as selected confectionery and candy products. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
28-05-2025
- Business
- Zawya
Egypt: Edita's profits drop in Q1-25; consolidated sales exceed $84mln
Cairo – Edita Food Industries posted lower consolidated net profits after tax valued at EGP 429.78 million in the first quarter (Q1) of 2025 from EGP 502.79 million in Q1-24. Revenues amounted to EGP 4.28 billion at the end of March 2025, an annual leap from EGP 3.92 billion, according to the interim consolidated financial results. Basic and diluted earnings per share (EPS) dropped to EGP 0.55 in Q1-25 from EGP 0.67 a year earlier. Standalone Business In the first three months (3M) of 2025, the standalone net profits after tax fell to EGP 375.20 million from EGP 406 million during the same period in 2024. Non-consolidated basic and diluted EPS declined to EGP 0.49 in Q1-25 from EGP 0.54 in Q1-24, while the sales jumped to EGP 3.33 billion from EGP 3.14 billion. Last April, the EGX-listed firm announced cash dividends worth EGP 800.10 million for 2024. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
18-04-2025
- Business
- Zawya
Egypt: Edita announces $2mln capital hike
Arab Finance: Edita Food Industries announced the extraordinary general meeting's (EGM) approval for EGP 140 million capital increase, according to a bourse statement issued on April 17th. Edita will raise its capital to EGP 280 million from EGP 140 million. The increased amount will be allocated for 700 million shares, with a nominal value of EGP 0.20 per share. In 2024, the EGX-listed firm generated consolidated profits attributable to the parent company valued at EGP 1.633 billion, compared to EGP 1.631 billion in 2023. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
08-04-2025
- Business
- Zawya
Egypt: Edita to pay $15.6mln dividends for 2024
The ordinary general meeting (OGM) of Edita Food Industries approved cash dividends of EGP 800.10 million for 2024. Edita will pay out a dividend of EGP 1.14 per share over two installments, according to a bourse filing. The EGX-listed firm disbursed EGP 400 million in cash dividends for 2023. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Daily News Egypt
10-02-2025
- Business
- Daily News Egypt
Edita Food Industries Launches Humanitarian Initiative for Gaza
Edita Food Industries has launched a humanitarian initiative to support the people of Gaza in collaboration with Misr El Kheir Foundation. The company will donate EGP 5 million worth of products, following the recent reopening of the Egypt-Gaza border. The initiative aims to provide essential food supplies to those in need, reinforcing Edita's commitment to social responsibility and community support. “This initiative is about standing in solidarity with the people of Gaza. We call on other Egyptian companies to join us in maximizing the impact, said Eng. Ahmed Samy, CEO of Edita Food Industries – Snacking and Bakery Business Unit. Several Egyptian companies have responded to the call, including: âBenefit Egyptian International Company (V7 & V SuperSoda brands) Corona Food Industries Harvest Foods Company Prisma Foods (Raw Kettle Cooked Potatoes brand) Regina Co. for Pasta & Food Industries The Arabian Food Industries – Domty The initiative has gained media attention, with growing support across social platforms.
