With nearly over 200 SKUs—and a market reach over all the regional all supermarket shelves, Arabian Food Industries’ (Domty) success is exemplified in its growth trajectory. Established in 1990, Arabian Food Industries Company had a humble beginning offering a modicum of products with two types of white and mozzarella cheeses, respectively.
The company has announced a 46% growth in the consolidated net profits and 4.2% in revenues in Q3 2019. Domty’s Vice Chairperson Mohamed El Damaty commented, “We are delighted that the net profit margin has been steadily growing since Q4 of 2018 despite the decline in purchasing power which has been felt by most companies in different business sectors especially FMCG, plus our structural reforms in the distribution sector befitting the company.”
Regarding Domty’s future plans, El Damaty said, “We see the growth coming from the bakery industry in the years to come which encouraged us to add a new bakery line in the next year to help the company reach sales exceeding EGP 3.5bn in 2020.”
“Innovations and new initiatives are on the table and will be announced after studying,” he added.