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Edita and Chipita disputed over manufacturing and services contract signed on April 29th 2011 and amended on May 15th 2013.
Chipita co-founded Edita with the Berzi family in 1996. The Greece-based company’s Exodur Limited owned 13% of the leading Egyptian snack maker, after selling some of its shares when Edita went public in 2015.
The company posted a consolidated net profit of EGP 95,139,296 in the first half (H1) of 2020, a 45% decline from EGP 172,457,880 achieved in H1 2019.
Standalone net profit stood at EGP 129,666,638 in H1 2020, a 13% decline from EGP 150,629,445 posted in H1 2019.
Edita operates in the packaged snack food market. It manufactures, markets, and distributes a range of branded baked snack products, including packaged cakes, croissants, rusks, and wafers, as well as selected confectionery and candy products.
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