{"id":623474,"date":"2018-10-31T04:18:36","date_gmt":"2018-10-31T04:18:36","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/"},"modified":"2018-10-31T04:18:36","modified_gmt":"2018-10-31T04:18:36","slug":"egypt-food-maker-edita-reports-3q2018-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/","title":{"rendered":"Egypt food maker Edita reports 3Q2018 results"},"content":{"rendered":"

EARNINGS WATCH- Edita Food Industries<\/strong> recorded a net profit of EGP 89.4 mn in 3Q2018, up 34.1% y-o-y, up from EGP 66.7 mn, according to the company\u2019s earnings release (pdf)<\/a>. Net revenue for the quarter was up 22.2% to EGP 1.02 bn, driven by \u201chigher volumes and improvements in product mix,\u201d as well as export sales. \u201cOur third quarter results clearly reflect Edita\u2019s ability to capture market growth and capitalize on new fundamentals and consumer dynamics<\/strong>. Our volumes continued to grow compared to both the previous year and last quarter, while our profitability is witnessing marked improvement as we control costs and benefit from economies of scale,\u201d Edita Chairman Hani Berzi said. The quarter also saw the leading snack producer maintaining its market position in its core segments, holding a nearly 54% share of the cake market and growing its share of the croissant market to 64.5%. Edita\u2019s primary focus for the coming year will be driving volumes and sales upwards while defending its market share, as well as expanding its footprint in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Edita Food Industries recorded a net profit of EGP 89.4 mn in 3Q2018, up 34.1% y-o-y, up from EGP 66.7 mn, according to the company\u2019s earnings release (pdf). Net revenue for the quarter was up 22.2% to EGP 1.02 bn, driven by \u201chigher volumes and improvements in product mix,\u201d as well as export […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[302,191,72,9469,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623474","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-earnings","tag-edita","tag-enterpriseam","tag-food-and-beverages","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"088f2b35-aa77-4f65-b4db-bbce62052185","order":"0","is_powered_by":true,"section_story_id":"556ce351-fd0f-4580-8119-c1b0a25e8bd2","story_type":"1","photo_url":"","photo_position":"above","related_issue":[623456],"teaser":"","voice_url":""},"yoast_head":"\nEgypt food maker Edita reports 3Q2018 results - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt food maker Edita reports 3Q2018 results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Edita Food Industries recorded a net profit of EGP 89.4 mn in 3Q2018, up 34.1% y-o-y, up from EGP 66.7 mn, according to the company\u2019s earnings release (pdf). Net revenue for the quarter was up 22.2% to EGP 1.02 bn, driven by \u201chigher volumes and improvements in product mix,\u201d as well as export […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-31T04:18:36+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt food maker Edita reports 3Q2018 results\",\"datePublished\":\"2018-10-31T04:18:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/\"},\"wordCount\":178,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"earnings\",\"Edita\",\"EnterpriseAM\",\"food and beverages\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/10\/31\/egypt-food-maker-edita-reports-3q2018-results\/\",\"name\":\"Egypt food maker Edita reports 3Q2018 results - 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Net revenue for the quarter was up 35.8% y-o-y to EGP 832.2 mn on the back of the macroeconomic turnaround which has seen consumers adjust to recent inflationary pressures,\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":597593,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/31\/earnings-watch-edita-net-profit-increases-26-3-y-o-y-in-2q2019\/","url_meta":{"origin":623474,"position":2},"title":"Earnings watch: Edita net profit increases 26.3% y-o-y in 2Q2019","author":"enterpriseam admin","date":"31 July 2019","format":false,"excerpt":"EARNINGS WATCH- Edita net profit increases 26.3% y-o-y in 2Q2019: Snack food maker Edita recorded a 26.3% y-o-y increase in net profit for 2Q2019 to EGP 31.7 mn, according to the company\u2019s earnings release (pdf). 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