Earnings watch: Domty reports 2017 results

EARNINGS WATCH- Cheese maker Domty recorded a 140% y-o-y increase in consolidated net profit after tax to EGP 61.52 mn in FY2017, up from EGP 25.5 mn the previous year, according to an EGX disclosure (pdf). The company’s sales for the year came in at EGP 2.25 bn, up from EGP 1.7 bn in 2016.