Cairo – Mubasher: Beltone Financials’ Research Department raised the fair value of Arabian Food Industries Company (Domty) from EGP 8.1 to EGP 11.2 per share, while it kept its earlier Buy recommendation.
Earlier, Domty unveiled its intention to raise its selling prices in January 2017 to adapt with the flotation of the Egyptian Pound against the US dollar.
Domty reported a decline of 71% to EGP 10.2 million in net profits for the third quarter of 2016.
