Edita Food Industries
Egypt-based bakery and snacks group Edita Food Industries has booked an 86.4% fall in full-year net profit for 2016 as FX losses continued to put earnings under pressure following a float of the Egyptian pound.
Edita Food Industries, the Egypt-based bakery and snacks group, today (10 November) booked a 47.2% fall in third-quarter net profit, which it blamed on higher FX losses, increased provisions and higher interest expenses.
Egypt-based baked goods group Edita Food Industries today (27 September) named former Heineken executive Sameh Naguib as its new CFO.
Edita Food Industries, the Egypt-based baked goods group, today (9 August) booked a fall in half-year profits amid a deceleration in its sales growth and higher investment in marketing.
Edita Food Industries, the Egypt-based baked goods group, has announced the resignation of CFO Sherif Fathy.
Egypt-based baked goods manufacturer Edita Food Industries has reported lower first-quarter sales and profits.
Edita Food Industries, the Egypt-based baker, saw profits grow in 2015 on the back of increased sales and moves to launch higher-margin products as the company moved through the year.
Nine-month sales and profits at Egypt's Edita Food Industries have surged thanks to sales growth in all its categories, despite challenges in its domestic market.
This week's results included an upbeat US snack group Snyder's-Lance reporting higher second-quarter sales and profits, improved half-year revenue and earnings at seafood giant Thai Union and declines at an acquisitive SunOpta.
Edita Food Industries, the Egypt-based bakery group, is to set up a new manufacturing facility as it prepares to produce Hostess Brands LLC lines for more markets in the Middle East.
This week's result round-up includes a positive start to the year for UK own-label group Bakkavor, better sales but pressure on profits for Canada's Weston Foods and a slide in revenue at French poultry group Duc.
The EUR2.6bn sale of European frozen food giant and Birds Eye owner Iglo Group grabbed the headlines this week - and we looked at where the new owners - Nomad Holdings - could look next. Blue Bell Creameries, the US ice cream maker linked to a fatal listeria outbreak, was in the spotlight for very different reasons, pulling all its products from the market after fresh tests.
Egypt-based bakery group Edita Food Industries has expanded its ownership of Hostess Brands LLC's HoHo's, Twinkies and Tiger Tail brands to 12 additional Middle Eastern and North African markets.
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