The company said in a statement to the Egyptian Stock Exchange today, Tuesday, that this is in terms of terminating the contract for manufacturing and technical services concluded between them on April 29, 2011 and amending it on May 15, 2013.
Edita achieved profits amounting to 93.78 million pounds during the first half of 2020 during the six months ending last June, compared to 167.8 million pounds in the comparative period last year.
The company’s sales declined during the period to 1.73 billion pounds, compared to 1.84 billion pounds in the comparative period of 2019.
At the level of independent businesses, the company’s profits fell to 129.66 million pounds, compared to 150.6 million pounds in the first half of 2019.
Nominations:
Edita profits down 44% in the first half of 2020
A subsidiary of “Edita” borrows $ 8.2 million from the Arab Bank
These were the details of the news Edita begins international arbitration proceedings regarding the dispute with Cipita for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
