Cairo – Mubasher: Arabian Food Industries Co (Domty) on Sunday posted a 140% year-on-year hike in consolidated profits during the full-year 2017 due to a growth in sales.
Net profit stood at EGP 61.52 million last year, compared to EGP 25.5 million in 2016, including minority shareholders’ rights, the company said in a filing to the Egyptian Exchange (EGX).
Sales doubled to EGP 2.25 billion in the year ended December 2017, up from EGP 1.7 billion a year earlier.
Moreover, the Egyptian food industries firm posted an EGP 49.9 million in standalone profits in 2017, from EGP 23.16 million in 2016.
It is worth noted that the white cheese maker had previously reported an EGP 30.6 million in sales for the three months ended December 2017.
