Edita to invest EGP 800 mln in 2023

Edita Food Industries said on Sunday it aims to invest 800 million Egyptian pounds ($25,962,292) during 2023 and it is willing to increase Fancy Foods’ cap by 400 million pounds.

The announcement came after Edita has announced that it will increase its investments by 127 percent during the current year.

The company’s profits increased by 146 percent during the first quarter of the current year to reach 399.9 million pounds, up from 162.4 million pounds during the same quarter the year before.