Juhayna’s Q1 consolidated profit rises 134.9%YoY
Updated 5/31/2023 10:24:00 AM
Arab Finance: Juhayna Food Industries (JUFO) reported a 134.9% year-on-year (YoY) growth in consolidated net profit attributable to the parent company for the first quarter (Q1) of 2023, according to the company’s financial indicators filed to the Egyptian Exchange (EGX) on May 31st.
Consolidated net profit after tax amounted to EGP 339.217 million in Q1 2023, compared to EGP 144.380 million in Q1 2022.
The company also generated consolidated revenues of EGP 3.423 billion in Q1 2023, up from EGP 2.403 billion in Q1 2022.
As per the standalone financial results, Juhayna incurred a net loss after tax of EGP 1.322 million in the three-month period ended March 31st, versus EGP 1.299 million in the same period last year.
Founded in 1983, Juhayna is an Egypt-based company specialized in the production, processing, and packaging of dairy, juice, and cooking products.
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