The Arab Dairy Products Co. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was EGP 637.92 million compared to EGP 267.04 million a year ago. Net income was EGP 42.28 million compared to EGP 4.3 million a year ago. Basic earnings per share from continuing operations was EGP 0.101 compared to EGP 0.013 a year ago.
For the nine months, sales was EGP 1,537.57 million compared to EGP 821.53 million a year ago. Net income was EGP 92.75 million compared to EGP 24.64 million a year ago. Basic earnings per share from continuing operations was EGP 0.275 compared to EGP 0.092 a year ago.