Arab Finance: Juhayna Food Industries posted a 21.2% year-on-year (YoY) increase in consolidated profits after minority interest in 2022, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on March 30^th.

The parent company’s share in consolidated profit amounted to EGP 637.721 million in 2022, compared to EGP 526.196 million in 2021.

Net sales grew to EGP 11.363 billion last year, compared to EGP 8.805 billion a year earlier.

On the other hand, Juhayna’s standalone net profit after tax fell to EGP 362.127 million in 2022 from EGP 381.291 million in 2021.

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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