Egypt

SODIC: 3Q22| Strong Sales Performance

  • Stellar 3Q22 sales rose 214.1% y/y and 74.1% q/q to EGP5.1 billion.

  • Revenue grew 33.2% y/y to EGP1.9 billion, and net profit grew 18.6% y/y to EGP141.8 million in 3Q22.

  • With 9M22 sales of EGP11.8 billion, OCDI is already past our FY22 sales forecast of EGP11.5 billion.

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Mayar El Ashry @ Al Ahly Pharos Securities Brokerage
October 26th, 2022
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