Egypt: Domty’s consolidated net profits drop 4.41% YoY in H1

Arab Finance: Arabian Food Industries Company’s (Domty) consolidated net profits attributable to the parent company declined 4.41% year on year (YoY) during the first half (H1) of 2024, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on August 18th.

The company has recorded a consolidated net profit attributable to the parent company of EGP 241.062 million in H1 2024, compared to EGP 252.185 million in H1 2023.

Consolidated sales surged to EGP 4.346 billion in the first six months of the year from EGP 3.231 billion in the year-ago period.

As per the standalone financial statement, Domty recorded net profits excluding income tax and health insurance of EGP 240.849 million in H1 2024, compared to EGP 253.308 million in H1 2023.

Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.

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