EDITA Food Industries (EFID) Reports Impressive 88% YoY Increase in 9M23 Net Profit
EDITA Food Industries (EFID) unveiled its financial results for the nine-month period ending September 2023, showcasing a remarkable surge in net profit. The company's net profit skyrocketed by an impressive 88% year-on-year, reaching EGP 1.27 billion, compared to EGP 673 million during the same period in 2022. This substantial growth equates to an Earnings Per Share of EGP 1.69, a significant jump from EGP 0.94 per share in 9M22.
Moreover, the third quarter of 2023 proved to be a period of advancement for EDITA Food Industries, as it witnessed a 35% increase in net profit. The company recorded a net profit of EGP 460 million for 3Q23, surpassing the EGP 298 million reported in 3Q22.
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