The Clap
Egyptian snacks giant Edita achieved a 54% YoY increase in revenues, to reach EGP 3.1 billion.
What
The company’s all-time high quarterly revenue was strongly supported by its cake and bakery segments, which contributed 48% and 37% to total sales respectively.
So What
The company’s performance translated well to a 48.5% YoY increase in net profits, which reached EGP 425 million.
Now What
The company recently entered the frozen foods market, and launched Molto Forni, a bake-at-home product.
