Cairo – Mubasher: The consolidated net profits of Edita Food Industries increased by 52% to EGP 528.87 million in 2021, compared to EGP 347.69 million in the earlier year, including minority shareholders' rights.

The company recorded sales of EGP 5.25 billion in 2021, up from EGP 4.02 billion in the earlier year, according to a bourse filing on Tuesday.

As for the standalone businesses, the company's net profits jumped to EGP 462.44 million last year from EGP 393.10 million in 2020.

Meanwhile, the company's board has recommended a cash dividend distribution of EGP 0.27 per share, aggregating at a total value of EGP 200 million, for 2021.

It is noteworthy to mention that during the first nine months (9M) of 2021, the company recorded a 50% year-on-year (YoY) increase in its consolidated net profits to EGP 321.52 million from EGP 214.53 million.