Cairo – Mubasher: Juhayna Food Industries registered higher consolidated net profits at EGP 2.42 billion in the first nine months (9M) of 2024, compared to EGP 878.93 million in 9M-23.
Sales hit EGP 18.33 billion as of 30 September 2024, up year-on-year (YoY) from EGP 11.17 billion, according to the financial results.
Earnings per share (EPS) stood at EGP 2.59 in 9M-24, compared to EGP 0.93 in the year-ago period.
Standalone Results
Juhayna turned profitable at EGP 20.66 million in January-September 2024, compared to net losses valued at EGP 2.76 million in 9M-23. EPS hit EGP 0.022 when compared to a loss per share of EGP 0.003.
Financials for Q3-24
In the third quarter (Q3) of 2024, the EGX-listed company generated EGP 957.59 million in net profit, higher by 197% than EGP 322.50 million in Q3-23.
The revenues increased by 57% to EGP 6.86 billion in Q3-24 from EGP 4.37 billion in Q3-23, while the EPS grew to EGP 1.02 from EGP 0.34.
In the first half (H1) of 2024, the net profits of Juhayna hiked by 166% to EGP 1.48 billion from EGP 556.43 million in H1-23.
