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Norges Bank raises stake in Juhayna

Norges Bank raises stake in Juhayna

ArabFinance: Juhayna for Food Industries (JUFO) stated that Norges Bank raised its stake in the former's capital from 4.99% to 5.09%, according to the company's September 9th statement filed to the Egyptian Exchange.

Norges Bank purchased 877,055 shares at EGP 7per each, with a total amount of EGP 6,162,714.

Juhayna reported a consolidated net profit stood at EGP 231,706,945 in the first half (H1) of 2020, a 29% rise from EGP 179,640,389  posted in H1 2019.

Standalone net profit reached EGP 93,821,266 in H1 of 2020, a 28% decline from EGP 130,439,357 achieved in H1 of 2019.

Juhayna, which was founded in 1983, is an Egypt-based manufacturer specialized in the production, processing, and packaging of dairy, juice, and cooking products.

 

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