Cairo – Mubasher: The consolidated net profits of Juhayna Food Industries surged by 168% year-on-year (YoY) to EGP 2.73 billion in 2024 from EGP 1.02 billion.
Net sales hiked by 56% to EGP 24.30 billion last year from EGP 15.53 billion in 2023, according to the financial results.
The earnings per share (EPS) stood at EGP 2.91 at the end of December 2024, higher than EGP 0.98 a year earlier.
Standalone Results
Juhayna shifted to standalone net profits valued at EGP 21.52 million in 2024, compared to net losses worth EGP 4.09 million in 2023.
Non-consolidated EPS hit EGP 0.023 when compared to a loss per share of EGP 0.004.
In the nine-month period that ended on 30 September 2024, the EGX-listed frim posted consolidated net profits worth EGP 2.42 billion, while the standalone profits reached EGP 20.66 million.
Last month, Juhayna secured an EGP 1 billion loan from Emirates NBD-Egypt, a subsidiary of DFM-listed Emirates NBD.
