The Arab Dairy Products Co. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was EGP 261.69 million compared to EGP 336.07 million a year ago. Net income was EGP 17.04 million compared to net loss of EGP 7.63 million a year ago. Basic earnings per share from continuing operations was EGP 0.064 compared to basic loss per share from continuing operations of EGP 0.047 a year ago.
For the six months, sales was EGP 554.49 million compared to EGP 719.21 million a year ago. Net income was EGP 20.34 million compared to net loss of EGP 1.18 million a year ago. Basic earnings per share from continuing operations was EGP 0.079 compared to basic loss per share from continuing operations of EGP 0.007 a year ago.