EARNINGS WATCH- Consumer recovery continuing? Cheese maker Domty said yesterday it is reporting a net profit of EGP 30.6 mn in its unaudited statements for 4Q2017, up from a net loss of EGP 29 mn in the same quarter the previous year. The company’s revenues for the quarter came at EGP 615 mn from EGP 463 mn a year earlier. Domty is planning to increase its white cheese exports to African markets this year, Al Mal reports.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…