Juhayna’s profits jump 138% in 9M of 2018

CAIRO – 21 October 2018: Juhayna Food Industries’ consolidated results surged 138.3 percent during the first nine months of 2018, recording LE 359.5 million ($20.03 million), compared to LE 150.86 million during the same period of 2017.

The consolidated gross profit increased 17.52 percent to reach LE 1.59 billion, compared to LE 1.35 billion in the same nine months of 2017.

As per the results of the third quarter, the net profit jumped 83.15 percent to hit LE 119.63 million, compared to LE 65.32 million in the third quarter of 2017.

The company clarified in a filing to the Egyptian Exchange (EGX) that gross profit of July-to-September 2018 recorded LE 533.17 million, compared to LE 503.59 million in the same months of 2017.

Juhayna’s consolidated results hiked 180.38 percent during the first half of 2018, recording LE 239.85 million, compared to LE 85.54 million, including minority rights, during the same period of 2017.

In 2017, the company gained LE 197.7 million, compared to LE 53.6 million in 2016, with an increase of 268 percent.

Juhayna was established in 1995 and joined the Egyptian Exchange (EGX) in May 2010. It operates within the food, beverage and tobacco sector, focusing on packaged foods with six subsidiaries operating across Egypt.