Cairo – Mubasher: Edita Food Industries has been granted two medium-term loans from the Arab Bank, a bourse filing revealed on Wednesday.
The first moneylending is worth EGP 170 million repayable in seven years, including the grace period, for the new plant’s (E08) construction activity.
The second 7.5-year financing is at €6 million for the expansion scheme of the new production line.
The company’s consolidated profits for the second quarter of 2016 decreased by 28% year-over-year to EGP 48 million ($5.39 million) from EGP 66.9 million ($7.5 million)
