The Clap Edita announced its 2021 earnings & revealed plans for dividend distribution.
Earnings Edita’s (EFID) net profits increased by 56.5% during the year 2021, to record EGP 528 million, compared to EGP 347 million in 2020. Sales increased to EGP 5.25 billion in 2021, compared to EGP 4.02 billion in 2020.
Dividends Edita’s board of directors (BoD) also approved the distribution of EGP 200 million in dividends to shareholders, pending the ordinary general assembly’s approval.
Why this matters Edita aims to invest around EGP 400 million this year to increase production capacity, & investments in Edita Morocco.