Egyptian businessman Hani Berzi’s Edita posts $25.7 million in profit in 9M 2023
Berzi owns a 41.95-percent stake in the leading packaged food maker through Quantum Invest BV.
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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.