{"id":637290,"date":"2017-11-13T04:11:57","date_gmt":"2017-11-13T04:11:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/earnings-watch-edita-beltone-financial-report-3q-results\/"},"modified":"2017-11-13T04:11:57","modified_gmt":"2017-11-13T04:11:57","slug":"earnings-watch-edita-beltone-financial-report-3q-results","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/13\/earnings-watch-edita-beltone-financial-report-3q-results\/","title":{"rendered":"Earnings Watch: Edita, Beltone Financial report 3Q results"},"content":{"rendered":"

<\/a> EARNINGS WATCH- Edita Food Industries<\/strong> reported strong bottom-line growth during 3Q2017, with net profit growing 47.4% y-o-y to EGP 66.7 mn. 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, the company said in a statement (pdf)<\/a>. \u201cWe were particularly successful in absorbing inflationary shocks arising from the reform program and delivering consistent top-line growth while defending our market share,\u201d Edita Chairman Hani Berzi said. Regional expansions and a 101.9% y-o-y increase in exports contributed to the bottom-line growth. Berzi believes the Egyptian consumer foods industry is at a turning point, saying that, \u201cWith the economy and consumer sentiment now turning the corner, we believe the worst is behind us. Our primary focus in the coming period will be to accelerate the recovery momentum and continue driving volumes and sales upward.\u201d Also, the company launched in October its TODO Donut off the second line at its newly commissioned E08 plant; the product is the first mass-produced and packaged donut in Egypt. Tap or click here to read Edita\u2019s full earnings release (pdf)<\/a>.<\/p>\n

Beltone Financial <\/strong>recorded a net loss<\/a> of EGP 22.9 mn in 3Q2017 against a net loss of EGP 1.8 mn a year earlier. Group revenues rose to EGP 132.8 mn compared to EGP 34.7 mn a year earlier, according to the company\u2019s financial statements.<\/p>\n","protected":false},"excerpt":{"rendered":"

EARNINGS WATCH- Edita Food Industries reported strong bottom-line growth during 3Q2017, with net profit growing 47.4% y-o-y to EGP 66.7 mn. 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, the company said in a […]<\/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-637290","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"e0b6eec4-63a3-499a-a900-ad48f0638371","order":"0","is_powered_by":true,"section_story_id":"0af2e246-e32d-41ff-8c97-21bdd99fc75a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[637279],"teaser":"","voice_url":""},"yoast_head":"\nEarnings Watch: Edita, Beltone Financial report 3Q 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\/2017\/11\/13\/earnings-watch-edita-beltone-financial-report-3q-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, Beltone Financial report 3Q results\" \/>\n<meta property=\"og:description\" content=\"EARNINGS WATCH- Edita Food Industries reported strong bottom-line growth during 3Q2017, with net profit growing 47.4% y-o-y to EGP 66.7 mn. 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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 "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":627391,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/31\/earnings-watch-edita-reports-2q2018-results\/","url_meta":{"origin":637290,"position":1},"title":"Earnings Watch: Edita reports 2Q2018 results","author":"enterpriseam admin","date":"31 July 2018","format":false,"excerpt":"\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). 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Revenues from the quarter reached EGP 982.2 mn, up 10.8% y-o-y, while net profit\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":633106,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/27\/earnings-watch-edita-mnhd-phd-emaar-misr-report-fy2017-results\/","url_meta":{"origin":637290,"position":3},"title":"Earnings Watch: Edita, MNHD, PHD, Emaar Misr report FY2017 results","author":"enterpriseam admin","date":"27 February 2018","format":false,"excerpt":"EARNINGS WATCH- Edita Food Industries reported a 346.8% y-o-y surge in its bottom line to EGP 212.0 mn in 2017, up from EGP 47.4 mn in 2016, the company said in a statement yesterday (pdf). The jump in net profits comes as the company\u2019s revenues for the year rose 21.6%\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":649528,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/02\/earnings-watch-edita-ek-holdings\/","url_meta":{"origin":637290,"position":4},"title":"Earnings watch: Edita, EK Holdings","author":"enterpriseam admin","date":"2 March 2017","format":false,"excerpt":"** EARNINGS WATCH- Edita announced net profit of EGP 47.4 mn in 2016, down 86.4% y-o-y even though revenues increased by 12.5% y-o-y to EGP 2.5 bn. 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