Halwani Bros Company expects its growth this year to rise by 30% to EGP 2bn from EGP 1.4bn last year, thanks to the rise in the prices of some of its products following the decision to float the pound. Fathi Mohamed, financial director of Halwani Bros, said that part of the increase in revenues this year comes through the rise in the prices of many products, with the steady sales in terms of quantity. The company’s chief financial officer estimated that exports accounted for only 15% of total annual sales. The company aims to invade the Kuwait and UAE markets with poultry products and dry products, and it aims to expand in Saudi Arabia by offering new products in the coming period. Mohamed pointed out that these markets need to send samples and invite importers there to visit factories to identify products and follow the stages of manufacturing, and this needs time.

Source: Daily News Egypt October 03, 2017 06:56 UTC