Ajwa posts 292.9% YoY consolidated profit surge in H1 2024

Updated 9/23/2024 11:02:00 AM
Ajwa posts 292.9% YoY consolidated profit surge in H1 2024

Arab Finance: Ajwa for Food Industries Egypt’s consolidated net profits after tax and non-controlling interests rose 292.88% year on year (YoY) in the first half (H1) of 2024, according to a disclosure.

Net profits amounted to EGP 110.314 million in H1 2024, compared to EGP 28.078 million in H1 2023.

Meanwhile, net revenues declined to EGP 837.885 million in the six months to June from EGP 1.063 billion in the year-ago period.

Ajwa is an Egypt-based company that operates in the manufacture and export of cooking oils and ghee.

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