Juhayna's consolidated profit climbs 177.4% YoY in 9 months
Updated 11/17/2024 9:45:00 AM
Arab Finance: Juhayna Food Industries (JUFO) reported a 177.44% year-on-year (YoY) growth in consolidated net profit attributable to the parent company for the first nine months of 2024, according to the company’s financial statements filed to the Egyptian Exchange (EGX) on August 9th.
Consolidated net profit after tax amounted to EGP 2.437 billion in the January-September period of 2024, compared to EGP 878.623 million in the same period in 2023.
The company also generated consolidated net revenues of EGP 18.333 billion in the nine-month period ended on September 30th, up from EGP 11.171 billion in the January-September period of 2023.
As per the standalone financial results, Juhayna garnered a net profit after tax of EGP 20.666 million in the nine-month period, versus a net loss after tax amounting to EGP 2.767 million in the same period last year.
Founded in 1983, Juhayna is an Egypt-based company specializing in the production, processing, and packaging of dairy, juice, and cooking products.
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