Latest in Tag: Juhayna Highlight
Latest in Tag: Juhayna
Company’s net profit in Q4 2020 reaches EGP 45m, growing by 19%
Juhayna for Food Industries (JUFO) has announced that its CEO and Vice-Chairperson Seif El-Din Thabet has been detained for questioning relating to the charges and ongoing investigations against the company’s former Chairperson Safwan Ahmed Thabet.
It comes in line with company’s innovation plan of introducing new premium products with high margins
Juhayna added that Vice Chairperson and Managing Director, Seif El-Dein Thabet, has all the necessary powers and capabilities to run the company’s business.
Juhayna’s net profit in Q2 of 2020 grew 9.4% to EGP 118mn, despite capital losses of EGP 20m due to the sale of unutilised agricultural assets and reduction of agricultural land. The net profit margin increased by 0.9pps to reach 6.2%.
Company to discontinue unprofitable production line, does not see need to impose price hikes in near future
The highest contributors to the top line were the dairy and yoghurt segments, representing 55% and 20% of revenues in Q1 2020, respectively. Sales of dairy products reached EGP 980m, yoghurt sales accounted for EGP 361m, and juice sales accounted for EGP 316m.
Company’s muted sales growth reflected the overall pressure witnessed in F&B sector, says Pharos
Corporate’s consolidated revenues see 8% y-o-y rise in this period
Baheya has been treating over 4,898 patients from breast cancer since 2015
Demand growth to be muted in short term on continuation of economic reforms
Egyptian industrial sector’s energy efficiency estimated at 57%: Khafagy
Market indicators suggest there was broad-based market slowdown in 2017
Company continuously strives to procure effective solutions to meet economic challenges, says CEO Juhayna for Food Industries’ 2018 first quarter results illustrate an upswing in profits of 39% year-over-year to reach EGP 81m, while quarterly revenues rose 23%, reaching EGP 1.6bn. The company’s first-quarter profit was due to general economic recovery, following the adoption of …
Net profit margin increased to 5.2% compared to last year’s 4.5%
2018 will see Egypt’s economy recover, economic reform fruits appeared in last quarter of 2017, says Thabet
Company’s revenues climbed to EGP 6.06bn versus EGP 4.9bn in 2016
As Juhayna had announced, donations collected for Baheya Hospital in the framework of Juhayna campaign launched earlier this year to support the hospital, which is only one dedicated for the early detection and treatment of breast cancer, reached EGP10m, after only five days only of launching the campaign. Juhayna’s campaign had aimed to collect EGP19m …
Juhayna has launched a new campaign to support Baheya Hospital for early detection and treatment of breast cancer. The campaign aims at collecting EGP19m for the benefit of the hospital ahead of the Egyptian derby match between Al-Ahly and Al-Masri clubs, due to be played on 12 January in United Arab Emirates (UAE). Meanwhile, Juhayna …
The research firm said that Eastern Co’s still benefiting from low-cost dollar inventory
The growth of revenues during Q3 was mainly driven by an increase in the dairy and juice segments’ revenues, which climbed 21% and 18% y-o-y respectively in the first nine months of 2017, according to Juhayna’s report
The company will adopt a Japanese model to lessen waste between 5-10 percent in 2017
Governmental decisions are bold and necessary to reform the economy and put it on the right track: Thabet
The company continues to operate; no impact on employees, government, and non-government trade
The worsening dollar crisis, which began in 2015 and resulted in the dollar reaching as high as EGP 20, has lead to a reduction of benefits for Juhayna Food Industries from its partnership with European Arla Foods where the latter produces its products in the Egyptian market. According to an official source in Juhayna, the …
The company targets to provide part of the production for foreign markets, after manufacturing through Juhayna’s production lines in 6th of October City
Higher costs due to the dollar shortage is the reason behind the drop in profits, says Juhayna’s CEO
Galal Zekra Shatila looks to climb the highest peak on all seven continents, starting with Mount Kilimanjaro
20% gradual increase on product costs in 2016 to compensate dollar inflation
The company aims to increase production by five times, to 250 tonnes, in the Mandesha farm in the Bahariya Oasis within two years, says head of the animal production sector Mohamed Obaid