Juhayna’s profits dip to LE 179.64M during 1st half of 2019

CAIRO – 1 August 2019: Juhayna Food Industries’ consolidated results decreased 24.65 percent during the first half of 2019, recording LE 179.64 million, compared to LE 238.42 million during the same period of 2018.

The company's cost of sales during the first half of this year amounted to LE 2.59 billion, compared to LE 2.42 billion in the comparable half of last year.

As per standalone profits, the company accomplished profits of LE 130.44 million, compared to LE 81.24 million in the same half in 2018, with an increase of 60.56 percent.

The company recorded consolidated profits of LE 108.89 million during the second half of 2019, compared to LE 158.5 million during the same quarter of 2018.

During the first quarter of 2019, Juhayna recorded consolidated profits of LE 71.62 million, compared to LE 80.72 million during the same period of 2018.

During 2018, Juhayna recorded profits of LE 408.24 million, compared to profits of LE 197.7 million in 2017.

The company’s capital reached LE 941.4 million, distributed over 941.4 million shares at a nominal value of LE 1 per share.

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.