Egypt's Juhayna records 28% higher profits in nine months

The company posted consolidated net profits of $27.28mln

  
A man walks in front of part the company of Juhayna on the outskirts of Cairo, Egypt, May 24, 2016.

A man walks in front of part the company of Juhayna on the outskirts of Cairo, Egypt, May 24, 2016.

REUTERS/Mohamed Abd El Ghany
Cairo – Juhayna Food Industries has recorded consolidated net profits of EGP 490 million in the first nine months (9M) of 2021, up 27.7% from EGP 384 million in the year-ago period.

The company's revenues increased to EGP 6.52 billion in the January-September period of 2021, compared to EGP 5.62 billion in the same period of 2020, according to a bourse filing on Thursday.

As for the standalone businesses, the company incurred net losses of EGP 3 million in 9M-21, against net profits of EGP 92 million in the year-ago period.

It is noteworthy to mention that in 2020, the company posted consolidated net profits of EGP 428.48 million, up by 30.33% year-on-year (YoY) from EGP 328.76 million, including minority shareholders' rights.

 

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

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.

More From Equities