Egyptian tycoon Hani Berzi’s Edita records impressive $12.9 million in profit in Q1 2023
Berzi’s Edita Food Industries surges with $12.9 million in profit in Q1 2023, boosting investor confidence.
Berzi’s Edita Food Industries surges with $12.9 million in profit in Q1 2023, boosting investor confidence.
Berzi owns a 41.95-percent stake in the packaged food manufacturer.
Berzi owns a significant 41.95-percent stake in Edita Food Industries.
Berzi owns a 41.95-percent stake in the leading packaged food maker through Quantum Invest BV.
The gains are due to a double-digit percent increase in the company’s share price.
The dividend will be paid from the group’s retained earnings of $103.8 million.
Edita’s planned investment is consistent with its intention to develop the region’s food manufacturing position.
The new facility will be run by Edita’s Moroccan subsidiary, Edita Food Industries Morocco.
Edita Food Industries is a leader in the Egyptian packaged snack foods market.