Juhayna’s profits hit LE71.6M during Q1 2019

CAIRO – 30 April 2019: Juhayna Food Industries’ consolidated results declined 11 percent during the first quarter of 2019, recording LE 71.62 million ($4.16 million), compared to LE 80.72 million during the same period of 2018.

The company’s sales during the first quarter of this year amounted to LE 1.7 billion, compared to sales of LE 1.55 billion in the comparable quarter 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.

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

The company’s sales in 2018 rose to LE 7.12 billion, compared to sales of LE 6.06 billion 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.