Cairo – Mubasher: Arabian Food Industries Co (Domty) on Tuesday posted a 366% year-on-year hike in consolidated profits for the first nine months of 2018.
Net profit stood at EGP 132.8 million in the nine-month period ended September, versus EGP 28.47 million in the year-ago period, including minority shareholders’ rights, the dairy producer said in a filing to the Egyptian Exchange (EGX).
Revenues rose to EGP 1.9 billion at the end of September from EGP 1.6 billion in the corresponding period of 2017.
At the level of standalone business, profits reached EGP 121.4 million in the period between January and September, versus EGP 19.9 million in the prior-year period.
