Cairo – Mubasher: Edita Food Industries on Thursday announced that its shareholders had approved distributing cash dividends of EGP 151 million for the fiscal year ended 31 December 2018 during an ordinary general meeting (OGM).
The OGM approved distributing EGP 0.208 per share as dividends for the last fiscal year, the Cairo-based confectioner said in a filing to the Egyptian Exchange (EGX).
For the full-year 2018, Edita’s profits increased to EGP 336.8 million last year, compared to EGP 243.04 million in 2017, including minority shareholders’ rights.
The EGX-listed company’s sales rose to EGP 3.7 billion in 2018 from EGP 3.04 billion a year earlier.
In addition, the company reported EGP 328.8 million in standalone profits last year, compared to EGP 131.3 million in 2017.
During the January-September period of 2018, the company’s profits grew to EGP 200.4 million from EGP 129 million in the year-ago period.
Sales also rose to EGP 2.6 billion in the nine-month period ended last September, compared to EGP 2.08 billion in the corresponding period of 2017.
By 11:07 am Cairo time, Edita’s stock rose 1.95% to EGP 19.87.
