Domty's profit slides 81% in nine months

Cairo – MubasherArabian Food Industries Company (Domty) achieved consolidated net profits of EGP 19.91 million in the first nine months of 2021, down by 81% year-on-year (YoY) from EGP 105.09 million, including minority shareholders' rights. 

The revenues increased to EGP 2.27 billion in the January-September period, compared to EGP 2.17 billion in the year-ago period, according to a bourse disclosure on Sunday. 

As for standalone business, Domty logged net profits of EGP 9.21 million in the nine-month period ended 30 September, down from EGP 94.26 million in the same period in 2020. 

During the first half (H1) of 2021, the company incurred net losses of EGP 32.55 million, against net profits of EGP 63.83 million in H1-20. 

Mubasher Contribution Time: 14-Nov-2021 09:08 (GMT)
Mubasher Last Update Time: 14-Nov-2021 09:08 (GMT)