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Egypt’s Juhayna posts 51% profit jump in Q1

Egypt’s Juhayna posts 51% profit jump in Q1
Photo Credit: Arabianeye - Reuters
Juhayna
JUFO
-0.94% 29.39 -0.28

Cairo – Mubasher: Egypt-based dairy and juice producer Juhayna Food Industries said it generated EGP 65.2 million ($8.5 million) in net profits for the first quarter of 2015, an increase of 50.9% from EGP 43.2 million ($5.7 million) in the same period last year.

Meanwhile, standalone net profit reached EGP 61.2 million, compared with EGP 117.9 million in Q1-14.

Juhayna’s FY14 net profit had amounted to EGP 170.1 million, with a drop of 48.2% year-on-year.