Cairo – Mubasher: Arabian Food Industries (Domty) saw a leap by 355.4% in 2015 net profits, consolidated financial statements revealed.
Domty’s annual net profit jumped to EGP128.7 million ($14.5 million), from EGP28.3 million ($3.2 million).
The board of directors proposed freezing dividends for 2015.
According to the standalone financial statements, the company earned EGP125.4 million for 2015, compared with EGP25.4 million in 2014.
Earlier this month, Domty successfully floated a stake of 49% on Cairo bourse and started trading on 22 March at a stock par value of EGP9.2.
