Cairo – Mubasher: Arabian Food Industries Co (Domty) on Sunday reported a 120% year-on-year hike in consolidated profits for the third quarter of 2017 due to higher sales.
Net profit amounted to EGP 22 million in the three-month period ended September 2017 from EGP 10 million in the prior-year period, the firm highlighted in a filing to the Egyptian Exchange (EGX).
Sales increased to EGP 680 million in Q3-17, versus sales of EGP 453 million in Q3-16.
The EGX-listed company had previously achieved profits of EGP 12.03 million in three months ended June 2017, compared to EGP 20.7 million in Q2-16.
By the end of Thursday’s trading session, Domty’s stock added 1.33% at EGP 9.12, with a turnover of EGP 1.29 million.
