Egyptian dairy maker Domty’s profits rise 140% in 2017

Profits of Egyptian dairy maker Arabian Food Industries Company- Domty rose by 140 percent to register 61.52 million Egyptian pounds ($3.5 million) during 2017, announced consolidated financial statements on Sunday.

Earlier, profits stood at 25.5 million pounds during 2016.

Sales increased to 2.25 billion pounds during last year, compared with 1.7 billion pounds a year earlier.

Standalone profits jumped by 49.9 million pounds from 23.16 million pounds.