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Egypt's Juhayna says nine-month profit up 28 %
Egypt's largest dairy company sees significant rise in its 9-month profits
Published in Ahram Online on 05 - 11 - 2013

Egypt's Juhayna Food Industries , one of the country's largest dairy and juice makers, reported a 28 percent increase in net profit for the first nine months of 2013.
Juhayna's net profit rose to LE308.2 million ($44.7 million) in the period through Sept. 30, helped by higher revenue which rose to LE2.49 billion from LE2.11 billion a year earlier, the group said in a statement on Monday.
Juhayna said its results were boosted by LE38 million in non-recurring revenue due to a re-evaluation of foreign currency assets, but gave no further reason for the improvement in its performance.
The Egyptian pound stood at 5.8160 to the dollar immediately before the uprising that swept Hosni Mubarak from power in January 2011, compared with 6.8892 on Sunday.
Juhayna counts among its clients EgyptAir, Air France and several large hotel chains.
http://english.ahram.org.eg/News/85706.aspx


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