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Company to add new bakery line next year, targeting sales to exceed EGP 3.5bn in 2020
The production capacity of the new line will be 270,000 pieces a day, the statement added.
Company targets revenues exceeding EGP 3bn by year-end
Beltone estimate that non-cheese revenue to grow by 61%, with Domty’s cheese sandwich revenues expected to double, due to the surprise price hike executed in the first quarter (Q1) of 2019 (factory price increased from EGP 2.5 to EGP 3.5).
We achieved same sales levels in white cheese as those achieved prior to flotation, says vice chairperson
The company is expected to add 11% gross profit estimates in the five-year period
New line’s cost is $4m; double production capacity
We aim to open 10 new markets new year, export juice to Russia, says Salman
Start of bakery line got delayed more than once due to state`s conditions, which negatively affected purchasing power, says El Damaty
Targeting to reach about 8.9% profit margin on total sales by year’s end, says El Damaty
There is no intention to increase Domty’s product prices in Ramadan season, says El Damaty
Company net profit hit EGP 30.6m in three months until end-December
Economic management was not ready for the consequences of the flotation, but it was an overdue good decision
The Arabian Food Industries Company (Domty) plans to run a production line of bakery turkey cheese in the second half of this year. Domty vice chairperson and deputy managing director Mohamed El Damaty said that the bakery production line is at the processing stages to start production as soon as the dollar price stabilises; and …
The company intends to inject EGP 200m worth of new investments in 2017
Although the session closed at the share’s increase of 9.35% compared to the offering price, it declined by 1.76% from the opening price
Shares in the Arabian Food Industries Company’s (Domty) initial public offering (IPO) were oversubscribed by 10.718 times at the closing of the IPO on Thursday. Thursday marked the final day of the IPO, which was held on the Egyptian Exchange for approximately 12.250m shares. A total of 2,430 subscribers were registered for approximately 131.306m shares. …
A number of questions were raised by the capital market about how Domty’s IPO will attract new institutional investors and increase the low trading volume, which reached an average of EGP 400m in one session.
Arabian Food Industries Company Domty announced Thursday the indicative price range for an offering of up to 122.5m of existing ordinary shares, representing 49% of the Company’s outstanding share capitalised in the Egyptian Exchange (EGX)
EFG Hermes One-on-One Conference, research sector begins initial promotion among international financial institutions
Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.
Move aims to enhance trading liquidity on stocks at IPO, central depository for shares begins after Eid al-Adha
Listing will take place in 2015 with EGP 2bn in revenues anticipated, chairman says
Reuters – Arabian Food Industries Co (Domty), one of Egypt’s top dairies, plans to float 30% of the company in an initial public offering within two years, Chairman Omar el-Damaty has told reporters. The firm, which has a market share of 32%, produces 80,000 tons of cheese a year and exports to Jordan, Lebanon, and …