Juhayna’s consolidated profit leaps 60% YoY in 2023; dividends proposed

Reuters Images

Revenues surged 42% YoY

Staff Writer, Mubasher

April 1, 2024

PHOTO

Cairo – Juhayna Food Industries posted a consolidated net profit of EGP 1.21 billion in 2023, up 60% year-on-year (YoY) from EGP 638 million a year earlier.

Revenues surged 42% YoY to EGP 16.12 billion last year from EGP 11.36 billion, according to financial indicators.

The basic earnings per share (EPS) jumped 55% YoY to EGP 0.98 in 2023 from EGP 0.63.

Standalone Results

Juhayna turned to a standalone loss last year, reporting a net loss after tax of EGP 4.1 million, compared to a net profit of EGP 362 million in 2022.

Cash Dividends

The company’s board of directors approved the distribution of EGP 0.20 per share in cash dividends for 2023.

In the first nine months (9M) of 2023, Juhayna logged a consolidated net profit of EGP 878.93 million, up from EGP 474.08 million in the comparative period of 2022.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.