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Juhayna reports 32% profit rise

Juhayna reports 32% profit rise

ArabFinance: Juhayna for Food Industries (JUFO) posted a 31.8% Year on Year increase in its consolidated net profit in the first nine months of 2020, according to the company’s October 22nd financial statements.

Consolidated net profit before minority interest stood at EGP 383,667,982 in January-September 2020, compared to EGP 290,905,796 achieved in the prior-year period.

Standalone net profit reached EGP 91,936,823 in the first nine months of 2020, a 27% down from EGP 126,300,548 posted in the corresponding period a year earlier.

Revenues slightly fell 1% Year on Year to reach EGP 5.7 billion in the nine-month period of 2020.

The listed company previously decided to donate 8% of the profits of its pink products to the new Baheya Hospital in Sheikh Zayed.

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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