Edita Food Industries launched its new product “Todo Max” with a retail price of EGP 2 per pack, according to a press release from the company (pdf). Edita’s cakes business line is the biggest contributor to its total revenue, amounting to almost 45% of total revenues in9M19, the press release added. The company holds a 46% market share of the Egyptian cakes market.
More from Enterprise
Central Bank of Egypt looks to renew USD 2 bn Kuwaiti deposit as regional conflict stalls FDI conversions
The maturing USD 2 bn deposit is expected to be…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Ceasefire optimism triggers EGX30 rally and EGP recovery
The EGP gained around 2.5% on the greenback by the…
IBF & Company doubles down on logistics with Techno Metal acquisition
Plus: Lucky lands USD 23 mn in Series B round,…