Cairo – Mubasher: Juhayna Food Industries reported a 60% year-on-year (YoY) profit increase during the first quarter of 2020, the consolidated financial statements showed.
The company achieved net profits of EGP 113.62 million in Q1-20, compared to EGP 71.14 million in the year-ago period, including minority shareholders’ rights, according to a bourse disclosure on Monday.
Sales rose to EGP 1.78 billion in the January-March period of 2020 from EGP 1.73 billion in the corresponding period in 2019.
As for standalone business, the Egyptian firm’s net profits fell to EGP 95.88 million in Q1-20 from EGP 137.25 million in Q1-19.
For the full-year 2019, Juhayna logged net profits of EGP 328.76 million, down from EGP 406.09 million a year earlier, including minority shareholders’ rights.
