Arab Dairy's profit grows 27% in 2019

Sales grew

Cairo – Mubasher: The consolidated financial statements of Arab Dairy Products Co. (Panda) showed a 27.1% year-on-year (YoY) rise in its net profits during 2019.

The company achieved net profits of EGP 52.52 million last year, up from EGP 41.29 million in 2018, according to a statement to the Egyptian Exchange (EGX) on Tuesday.

 to EGP 1.26 billion in 2019, compared to EGP 1.18 billion in the previous year.

As for standalone business, the EGX-listed firm’s net profits went up to EGP 52.29 million last year from EGP 40.9 million a year earlier.

It is worth mentioning that during the first nine months of 2019, Arab Dairy’s net profits tumbled to EGP 20.64 million from EGP 26.43 million in the prior-year period.

Source: Mubasher

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