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Edita Food Industries Q1 profit climbs 11.7% YOY

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Edita Food Industries Q1 profit climbs 11.7% YOY

4909952 said its normalized net income for the first quarter amounted to 8 Egyptian piastres per share, a gain of 10.4% from 7 piastres per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 57.9 million pounds, a gain of 11.7% from 51.8 million pounds in the year-earlier period.

The normalized profit margin declined to 11.0% from 11.5% in the year-earlier period.

Total revenue climbed 17.3% on an annual basis to 528.9 million pounds from 450.8 million pounds, and total operating expenses grew 20.7% year over year to 441.7 million pounds from 365.9 million pounds.

eported net income rose on an annual basis to 58.7 million Edita Food Industries Co. (S.A.E).