Edita Food Industries (EFID.CA) is planning to start operating its two new production lines for wafer and cake products at the new E08 factory in 2H17. According to the company’s Investor Relations Manager, Menna Shams El Din, Edita had purchased a 55,500sqm plot of land for the factory at a total investment cost of EGP54mn in May 2016. Also, Edita is also looking for regional expansion opportunities in the next period.
Edita Food Industries: EGP17.74 as of 5 Mar. 2017, Rating: Neutral, TP: EGP11.80/share, MCap: USD782mn, EFID EY/EFID.CA