• Wednesday, 3 August 2022

    Edita launches new share buyback program

    Edita announces share buybacks: Edita will buy back 5% of its shares over the next two months in a bid to support its share price, it said in a disclosure (pdf) to the bourse yesterday. The EGX-listed snackmaker said it...
  • Wednesday, 1 June 2022

    Ghazl El Mahalla to publish PSN Thursday

    Ghazl El Mahalla FC will publish the public subscription notice (PSN) for its upcoming IPO this Thursday, Hassan Samir, the managing director of capital markets at bookrunner Prime Holding, told Hapi Journal. The EGP 98 mn retail offering has been...
  • Monday, 16 May 2022

    Earnings: Edita, ABK Egypt

    Edita Food Industries’ net income rose 86% y-o-y in 1Q 2022 to EGP 148.1 mn, according to the company’s latest earnings release (pdf). The company said that bottom line growth “reflected improved performance down the income statement”, with revenues jumping...
  • Sunday, 10 April 2022

    Edita to invest EGP 1 bn by 2025

    EGX-listed snackmaker Edita plans to invest EGP 1 bn over the coming three years to expand operations, company chairman Hani Berzi said, according to a company statement (pdf). Berzi made the announcement on the sidelines of a visit by Prime...
  • Monday, 4 April 2022

    Edita inaugurates its Moroccan production facility

    Edita Food Industries has officially inaugurated its Moroccan plant, according to a company statement (pdf). The snackfoods giant started operations in December at the facility, which is the company’s first greenfield investment outside of Egypt and marks its transformation from...
  • Thursday, 24 March 2022

    Edita bumps up pricing amid global commodities squeeze

    INFLATION WATCH- Edita Food Industries has raised prices for some of its products by EGP 1-2, it said (pdf) yesterday. Products in its baked goods line that were previously priced at EGP 4 will now sell for EGP 5, while...
  • Tuesday, 15 March 2022

    Edita’s net income jumps 55% in 2021

    Edita Food Industries’ net income rose 55% in 2021, reaching EGP 472 mn, according to the company’s latest earnings release (pdf). The bottom line growth was supported by a 31% increase in revenues, which rose to EGP 5.25 bn on...
  • Thursday, 3 March 2022

    Edita’s net income up nearly 57% in 2021

    Edita Food Industries’ net income jumped 56.5% y-o-y in FY2021, reaching EGP 473 mn, according to the company’s preliminary earnings release (pdf). Revenues increased by nearly 31% y-o-y, recording EGP 5.25 bn on the back of better pricing and sales...
  • Wednesday, 23 February 2022

    Edita’s Molto Sandwich gets a rebrand with three new flavors + EFG Hermes’ valU launches new algo-based risk management tool

    Edita’s Molto Sandwich is now Molto Fino, with new flavors: Edita Food Industries is introducing three new flavors as part of a rebranding of its Molto Sandwich line to “Molto Fino,” the company announced in a press release (pdf). Molto...

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