Business Update
As part of our continuous communication with our investors, we would like to point out the following:
· The company is witnessing a strong 4Q performance across the board in terms of both value and volumes , 4Q thus far proving to be the strongest quarter in the year in terms of value and volume sales, we expect to achieve sales revenue close to EGP 800 million in the current quarter.
· This results from the increase in sales volumes and value of the cheese and bakery segments.
· We project a slight growth in 2020 net profit versus last year.
· The third bakery production line has started operation in the current quarter, thus the company is currently operating 3 production lines.
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About Arabian Food Industries Company Domty S.A.E.
Domty, founded in 1988and headquartered in Egypt, is a leader in the growing Egyptian cheese and juice market. The Company manufactures markets and distributes a range of branded white and processed cheeses and juice products, with a family of nearly 200 SKUs under a brand portfolio including Domty, Damo, Gebnety and Bravo. Domty is a household name and the number-one cheese producer in the nation by market share. The Company sells to tens of thousands of retail and business customers as well as to more than 46 export destinations. Learn more about Domty by visiting Domty.org
Contact
Ahmed Mohy Eldin
Investor Relations and Corporate Affairs Director
T: +202- 010 - 0555 2235| ahmed.mohy@domty.org
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