Juhayna
This will save 65 percent of the energy consumed by Juhayna's Enmaa farm from solar energy, and 35 percent from diesel generators.
It clarified that this is due to the company's non-compliance with sending the financial statements for the fiscal year ending on December 31, 2020.
This came due to the recent pending investigation against Juhayna’s ex-Chairman Safwan Thabet regarding personal accusations unrelated to the company.
Seif Thabet is accused of making an agreement with leaders of the outlawed Muslim Brotherhood group to hold meetings, where they agreed on putting alternative plans to maintain financing.
The company's sales rose to LE 1.78 billion during January-March period of 2020, compared to LE 1.73 billion in the comparable period of last year.
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 138.68 million, compared to LE 88.19 million in the same quarter in 2018, with an increase of 57.25 percent.
HC Brokerage clarified in a report that the target price of Juhanya increased by 36 percent to LE 16.1 per share.
the benchmark index EGX30 saw the exclusion of four firms and the addition of another four in the periodical review.
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