Juhayna Food Industries (JUFO) posted a 60% year-on-year (YoY) surge in consolidated profit attributable to the parent company during 2023, according to financial statements filed to the Egyptian Exchange (EGX).

Juhayna Food Industries has taken the initiative to slash prices of its dairy and juice products by up to 18%.

Juhayna Food Industries (JUFO) reported a 74.42% year-on-year (YoY) growth in consolidated net profit attributable to the parent company for the first half (H1) of 2023.

Qatari agricultural company Baladna has raised its stake in Juhayna Food Industries to 15.03%.

The program aims to boost the importer’s competencies in the fields of food industries and packaging and enable them to assimilate in the supply chains, targeting enhancing food circulation and manufacturing standards in terms of safety and quality.