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Juhayna's 2020 profit grows 30%; dividends proposed

Juhayna's 2020 profit grows 30%; dividends proposed
The sales increased to EGP 7.64 billion last year
1.79% 6.26 0.11

Cairo – MubasherJuhayna Food Industries posted consolidated net profits of EGP 428.48 million in 2020, up by 30.33% year-on-year (YoY) from EGP 328.76 million, including minority shareholders' rights. 

The profits attributable to the parent company's shareholders rose to EGP 428.37 million last year from EGP 328.67 million in 2019, while the profits attributable to minority interests increased to EGP 111,657 from EGP 84,679, according to a bourse disclosure on Thursday. 

The sales increased to EGP 7.64 billion last year, compared to EGP 7.63 billion in 2019.

As for standalone business, the company logged net profits of EGP 430.07 million in 2020, up from EGP 367.88 million a year earlier.

The board of directors recommended a cash dividend of EGP 0.20 per share for the year ended 31 December 2020. 

During the first nine months of 2020, Juhayna Food Industries achieved net profits of EGP 383.74 million, up from EGP 291 million in the year-ago period, including minority shareholders’ rights.