ArabFinance: Edita Food Industries launched a new Molto Mini Magnum SKU, retailing at EGP 5 per pack, according to the recent statement emailed to ArabFinance.
Edita’s bakery segment was the standout performer in 2020, contributing to the lion share of the company’s topline in quarter three of 2020 at 42.7%.
Pharos Holding estimated the fair value (FV) of Edita's share at EGP 14 per each, with an overweight recommendation.
It reported a consolidated net profit before minority interest of EGP 216,293,836 for the first nine months of 2020.
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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