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Juhayna’s consolidated profit edges up in H1

Juhayna’s consolidated profit edges up in H1

Arab FinanceJuhayna Food Industries (JUFO) registered a 0.86% year-on-year (YoY) increase in consolidated profit attributable to the parent company during the first half (H1) of 2022, recording EGP 318.95 million, according to financial statements filed to the Egyptian Exchange (EGX) on Monday.

Consolidated net sales surged to EGP 5.164 billion in H1 2022 from EGP 4.088 billion in H1 2021.

The company recorded a standalone net profit after tax of EGP 83.137 million in the six-month period ended June 30th, compared to a net loss of EGP 1.856 million in the year-ago period.

Founded in 1983, Juhayna is an Egypt-based company that specializes in the production, processing, and packaging of dairy, juice, and cooking products.

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