Arab Dairy's H1 profit slides 71%

The sales grew

Cairo – Mubasher: Arab Dairy Products Co. (Panda) posted consolidated net profits of EGP 1.49 million in the first half (H1) of 2021, down by 70.66% year-on-year (YoY) from EGP 5.08 million, including minority shareholders' rights.

On the other hand, the sales grew to EGP 719.2 million in the January-June period from EGP 610.31 million in the prior-year period, the company said in a bourse disclosure on Tuesday.

The standalone financial results showed net losses of EGP 3.79 million in H1-21, against net profits of EGP 4.97 million in H1-20.

During the first quarter (Q1) of 2021, the company logged consolidated net profits of EGP 8.36 million, up from EGP 831,647 in Q1-20, including minority shareholders' rights.

Source: Mubasher

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