Dairy Marker Domty Profits Fall 48% in Jan-Sept
EGYPT – Egyptian dairy maker, Arabian Food Industries Company (Domty) reported Wednesday a 48 per cent decline in its nine-month profits to reach 28.5 million Egyptian pounds ($1.6 million).
Amwal Al Ghad reports that earlier, profits stood at 54.9 million Egyptian pounds during the first nine months of 2016.
The company made sales worth 1.6 billion pounds up from 1.2 billion pounds last year.
Standalone profits fell to 19.9 million pounds, compared with 52.4 million pounds year ago.