Cairo – Mubasher: Arabian Food Industries Co (Domty) on Sunday reported a 151% year-on-year surge in consolidated profits for fiscal year ended 31 December 2018.
The dairy producer has logged EGP 154.6 million in net profit stood for 2018, versus EGP 61.52 million in 2017, including minority shareholders’ rights, according to a statement to the Egyptian Exchange (EGX).
The company’s sales increased to EGP 2.58 billion last year, versus EGP 2.25 billion a year earlier.
At the level of standalone business, the company generated EGP 139.4 million in profits for 2018, versus EGP 49.98 million in 2017.
In the same vein, Domty’s board of directors has proposed a cash dividend distribution of EGP 0.20 per share or EGP 56.52 million to shareholders for FY18.
In November, Domty posted a net profit of EGP 132.8 million in the first nine months of 2018, versus EGP 28.47 million in the corresponding period of 2017.
