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Domty, FrieslandCampina to investigate joint cooperation in cheese exports
In July, Domty implements cost-cutting programmes to improve company’s bottom-line
Domty sales grow 10% y-o-y in Q2 despite pandemic
Company is working on implementing business plan to reduce sales/operating expenditure during Q3 and Q4 of 2020
Domty reports 11% y-o-y rise in net profits in 1Q 2020
Company’s current goal is to successfully introduce bread product range, says Eldamaty
Domty’s net income jumps by 35% in 3Q19 beating expectations: Beltone
Domty’s market share in Cairo has increased
Domty signs two loans of EGP 100m, EGP 40m from CIB
The production capacity of the new line will be 270,000 pieces a day. Scheduled to start operation in February 2020, the new line will be Domty’s third bakery production line.
Domty profits increased by 30% over the first quarter of this year
Company to add new bakery line next year, targeting sales to exceed EGP 3.5bn in 2020
Domty inks EGP 50m deal to install new bakery line
The production capacity of the new line will be 270,000 pieces a day, the statement added.
Domty to launch bakery line in September with 400,000 pieces/day capacity
Company targets revenues exceeding EGP 3bn by year-end
Beltone raises Domty’s FV to EGP 14.8, maintains buy rating on back of buoyant sandwich business
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).
Domty’s net profits increase 151% in 2018
We achieved same sales levels in white cheese as those achieved prior to flotation, says vice chairperson
New venture to bode well for Domty margins in 2019/23e: HC Securities
The company is expected to add 11% gross profit estimates in the five-year period
Domty signs contract to acquire, install new bakery line with AMF
New line’s cost is $4m; double production capacity
Domty eyes $20m exports by year’s end
We aim to open 10 new markets new year, export juice to Russia, says Salman
Domty targets to achieve more than EGP100m in sales annually from baked goods
Start of bakery line got delayed more than once due to state`s conditions, which negatively affected purchasing power, says El Damaty
Domty targets increasing sales by 14% to reach EGP 2,700bn by end of 2018: vice chairperson
Targeting to reach about 8.9% profit margin on total sales by year’s end, says El Damaty
Domty expects 15.4% increase in revenues by end-2018: El Damaty
There is no intention to increase Domty’s product prices in Ramadan season, says El Damaty
Domty turns to profitability in Q4 on higher than expected sales
Company net profit hit EGP 30.6m in three months until end-December
Flotation saved currency from exploding, economy from collapsing: Domty vice chairperson
Economic management was not ready for the consequences of the flotation, but it was an overdue good decision
Domty plans to operate production lines for bread and turkey cheese in the second half of 2017
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 …
We aim to increase sales by 20% in 2016: Domty chairperson
The company intends to inject EGP 200m worth of new investments in 2017
Domty’s share increases by 9.35% from offering rate on the initial days of its trading
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
Domty IPO oversubscribed by 10.718 times
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. …
Does Domty’s IPO attract new investment institutions to raise trading volumes in the Egyptian Stock Exchange?
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.
Domty announces indicative price range for its IPO
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)
Hermes promotes IPO of Domty in US, UK, South Africa, Gulf markets
EFG Hermes One-on-One Conference, research sector begins initial promotion among international financial institutions
LE 1.2bn estimated value of Domty IPO: Sources
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.
Domty to segment par value of stocks from EGP 1 to EGP 0.10
Move aims to enhance trading liquidity on stocks at IPO, central depository for shares begins after Eid al-Adha
Domty chooses EFG-Hermes as financial advisor for IPO
Listing will take place in 2015 with EGP 2bn in revenues anticipated, chairman says
Egyptian dairy Domty aims to float 30% of company within two years
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 …