Edita Food Industries commences operations in Morocco in November
Company reports rapid growth in revenues for 3Q2021, driven by higher volumes, pricing
Latest in Tag: Edita Food Industries Highlight
Latest in Tag: Edita Food Industries
Egypt’s Edita Food Industries borrows EGP 90m from NBK to finance local expansion
Loan will also go towards financing necessary maintenance to ensure efficiency, quality of company’s products
IFC signs agreement with Edita Food Industries to invest $30m
The minister said that they are keen on international institutions to support private sector investments because of its role in contributing to the expansion of companies, including Edita, which exports about EGP 300m and will contribute to this new expansion of the company’s exports outside Egypt.
Edita’s revenues hike by 24.1% in 2018
Edita Food Industries delivered a strong 24.1% increase in 2018’s revenues to EGP 3.8 bn, in comparison with 2017, as volumes continue to grow along with improved profitability, a statement of the company said, adding that the net profit for 2018 was up by 43.3% to reach EGP 303.7m. “Edita’s strong performance for the year …
Edita restructures product portfolio to recover sales in 2017
Price increases of an average of 91% secure the company profits despite sharp drop in sales
US dollar at customs repriced daily according to average bank rates on day before: ECA
The official price at customs on Tuesday registered EGP 17.26, hitting EGP 17.84 on Wednesday
A government decision to revoke confiscation of Edita sugar is imminent: sources
Sources at Edita Food Industries said they expect a government decision revoking the confiscation of 2,000 tonnes of sugar found at the company’s factory in Beni Suef within hours. The sources explained that the public prosecutor has not yet made a decision to revoke the sugar confiscation. They noted that the company reached out to …
Edita plans to expand in Gulf markets supported by new brands
Despite the sugar shortage, the company managed to secure enough sugar required to operate its factories
Edita to establish new EGP 50m factory next year
The new factory will allow Editia to expand its production by providing the production inputs and controlling production costs
Renaissance Capital reduces Edita’s target price to EGP 31.1 per share
Edita recorded net profits of EGP 148.2m in H1 of 2015
20 companies list on EGX in FY 2014/2015
Companies raised total of EGP 5bn
Edita’s IPO 4.5 times oversubscribed
Offer price was set at EGP 18.50 per share