The Arab Dairy Products Co. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was EGP 267.04 million compared to EGP 286.98 million a year ago. Net income was EGP 4.3 million compared to net loss of EGP 15.72 million a year ago. Basic earnings per share from continuing operations was EGP 0.013 compared to basic loss per share from continuing operations of EGP 0.099 a year ago.
For the nine months, sales was EGP 821.53 million compared to EGP 1,006.19 million a year ago. Net income was EGP 24.64 million compared to net loss of EGP 16.89 million a year ago. Basic earnings per share from continuing operations was EGP 0.092 compared to basic loss per share from continuing operations of EGP 0.106 a year ago.