{"id":627391,"date":"2018-07-31T03:49:10","date_gmt":"2018-07-31T03:49:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/"},"modified":"2018-07-31T03:49:10","modified_gmt":"2018-07-31T03:49:10","slug":"earnings-watch-edita-reports-2q2018-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/","title":{"rendered":"Earnings Watch: Edita reports 2Q2018 results"},"content":{"rendered":"<p><strong><a id=\"tldr-story-03\" class=\"content-anchor\"><\/a>\u00a0EARNINGS WATCH-\u00a0<\/strong><strong>Edita Food Industries recorded a net profit of EGP 25.1 mn in 2Q2018<\/strong>, up from a net loss of EGP 1.7 mn during the same period last year, according to the <a href=\"https:\/\/s3.amazonaws.com\/inktankir2\/edita\/Edita-2Q2018-Earnings-Release-E-FINAL-5.pdf\">company\u2019s earnings release (pdf)<\/a>. Edita\u2019s revenues also grew 29.0% y-o-y to EGP 789.2 mn, driven by \u201ccontinued growth in volumes.\u201d For 1H2018, Edita registered a net profit of EGP 85.9 mn, up 122.1% y-o-y. \u201cOur results in the second quarter leave us confident that demand is making a recover and that consumers are adapting to the new norm with prices stabilizing,\u201d our friend Hani Berzi, Edita\u2019s chairman and CEO, said. \u201cPortfolio optimization and marketing efforts saw Edita defend its market share, cementing its lead with considerable gains in the croissant segment as well as maintaining its number one positions in the cake and candy segments,\u201d according to the statement. The company\u2019s primary focus for the second half of 2018 will \u201ccontinue to be on volume growth through portfolio optimization and innovation, as well as profitability enhancement through cost minimization and increased operational efficiencies,\u201d Berzi said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0EARNINGS WATCH-\u00a0Edita Food Industries recorded a net profit of EGP 25.1 mn in 2Q2018, up from a net loss of EGP 1.7 mn during the same period last year, according to the company\u2019s earnings release (pdf). Edita\u2019s revenues also grew 29.0% y-o-y to EGP 789.2 mn, driven by \u201ccontinued growth in volumes.\u201d For 1H2018, Edita [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-627391","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"45bb8514-715e-4286-bc9a-cccf53b687b4","order":"0","is_powered_by":true,"section_story_id":"6aa0b97a-468c-41d0-9324-2305d131a938","story_type":"1","photo_url":"","photo_position":"above","related_issue":[627382],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Earnings Watch: Edita reports 2Q2018 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\/07\/31\/earnings-watch-edita-reports-2q2018-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Earnings Watch: Edita reports 2Q2018 results\" \/>\n<meta property=\"og:description\" content=\"\u00a0EARNINGS WATCH-\u00a0Edita Food Industries recorded a net profit of EGP 25.1 mn in 2Q2018, up from a net loss of EGP 1.7 mn during the same period last year, according to the company\u2019s earnings release (pdf). Edita\u2019s revenues also grew 29.0% y-o-y to EGP 789.2 mn, driven by \u201ccontinued growth in volumes.\u201d For 1H2018, Edita [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-31T03:49:10+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\/07\/31\/earnings-watch-edita-reports-2q2018-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Earnings Watch: Edita reports 2Q2018 results\",\"datePublished\":\"2018-07-31T03:49:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/\"},\"wordCount\":181,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/\",\"name\":\"Earnings Watch: Edita reports 2Q2018 results - 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Revenues from the quarter reached EGP 862.8 mn, up 9.3% y-o-y. Commenting on the results,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":594503,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/31\/earnings-watch-edita-net-profit-jumps-19-2-in-3q2019\/","url_meta":{"origin":627391,"position":1},"title":"Earnings watch: Edita net profit jumps 19.2% in 3Q2019","author":"enterpriseam admin","date":"31 October 2019","format":false,"excerpt":"EARNINGS WATCH- Edita net profit jumps 19.2% y-o-y in 3Q2019: Leading snack food maker Edita\u2019s net profit rose 19.2% y-o-y in the third quarter to EGP 106.6 mn, according to the company\u2019s earnings release (pdf). Revenues for the quarter reached EGP 1.09 bn, up 7% y-o-y. Commenting on the results,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":597953,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/09\/earnings-watch-edita-mnhd-report-1q2019-results\/","url_meta":{"origin":627391,"position":2},"title":"Earnings watch: Edita, MNHD report 1Q2019 results","author":"enterpriseam admin","date":"9 May 2019","format":false,"excerpt":"EARNINGS WATCH- Edita net profit increases 87.8% y-o-y in 1Q2019: High-profile snack food maker Edita recorded an 87.8% y-o-y increase in net profit for 1Q2019 to EGP 114.3 mn, according to the company\u2019s earnings release (pdf). Revenues from the quarter reached EGP 982.2 mn, up 10.8% y-o-y, while net profit\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":573394,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/earnings-watch-edita-mm-group-report-1h2020-results\/","url_meta":{"origin":627391,"position":3},"title":"Earnings watch : Edita, MM Group report 1H2020 results","author":"enterpriseam admin","date":"4 August 2020","format":false,"excerpt":"EARNINGS WATCH- Pandemic lockdown weighed on Edita\u2019s 2Q2020 performance: The covid-19 pandemic and the partial lockdown the government imposed weighed on Edita\u2019s profitability during the second quarter of the year, leading the snack food maker to report a 90.3% y-o-y drop in net profit to EGP 3.1 mn in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":645814,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/31\/earnings-watch-edita-credit-agricole-egypt\/","url_meta":{"origin":627391,"position":4},"title":"Earnings Watch: Edita, Credit Agricole Egypt","author":"enterpriseam admin","date":"31 July 2017","format":false,"excerpt":"EARNINGS WATCH- Edita reported a net loss of EGP 1.7 mn in 2Q2017 down from a net profit of EGP 41.6 mn in the similar period last year. Despite the bottom line loss, Edita\u2019s revenues continued to grow, recording an 11.2% y-o-y increase to EGP 611.6 mn. 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