Cairo – Mubasher: Arabian Food Industries Co (Domty) expects to generate sales near EGP 800 million in the fourth quarter (Q4) of 2020.

The food producer said that the volume and value of cheese and bakery sales are projected to increase in the last quarter of the year, according to a bourse disclosure on Tuesday.

Given the strong sales performance, the fourth quarter is expected to witness the highest value and volume of sales in the year.  

In addition, the company also expects a slight increase in net profits as compared to the last year.

On a side note, Domty announced that a new bakery production line has begun operation in the Q4-20, bringing the total number of bakery production lines to three.

During the first nine months of 2020, the company reported net of EGP 105.09 million, down from EGP 117.04 million in the corresponding period a year earlier.