Juhayna registers LE 2.8B sales in 6 months

CAIRO – 26 July 2017: Juhayna Food Industries' revenues leveled up 17 percent to LE 2.86 billion ($160 million) in the first six months of 2017, a Wednesday statement said.

The consolidated results revealed that net profits reached LE 86 million, with a 22 percent decrease. Profit margin inched down 3 percent or 1.5 percentage point.
Net sales grew to LE 2.86 billion, up from LE 2.44 billion in the first six months of 2016, the statement added.

During the second quarter of this year, revenues increased 18 percent to reach LE 1.6 billion.

Net profit fell 9 percent to LE 27 million compared to LE 30 million in the second quarter of 2016. Profit margin reached 1.7 percent.

The company said that the net sales stood at LE 1.57 billion in Q2 of 2017 compared to LE 1.33 billion in the year-ago period.

The Egyptian Exchange (EGX) announced this morning that four companies were excluded from the benchmark index EGX30 during the periodical review, including Juhayna Food Industries.