Juhayna's profit up 29% in H1-20

The company’s net sales slid

  

Cairo – Mubasher: Juhayna Food Industries posted net profits of EGP 231.707 million in the first half (H1) of 2020, up by 29% year-on-year (YoY) from EGP 179.640 million, including minority shareholders’ rights.

The company’s net sales slid to EGP 3.680 billion in H1-20 from EGP 3.750 billion in H1-19, while the cost of sales retreated to EGP 2.48 billion from EGP 2.59 billion, according to a bourse disclosure on Tuesday.

As for standalone business, Juhayna reported net profits of EGP 93.821 million in the January-June period, compared to EGP 130.44 million in the year-ago period.

It is noteworthy to mention that during the first quarter of 2020, the company’s net profits increased to EGP 113.62 million from EGP 71.14 million in the corresponding period a year earlier, including minority shareholders’ rights.

Source: Mubasher

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