Egypt’s dairy maker Juhayna profits rise 8.5% in Q2

Egypt’s Juhayna Food Industries Company reported Wednesday a 8.5 percent growth in profits to register 27.28 million Egyptian pounds ($1.5 million) during the three months ended June 2017.

Sales jumped to 1.57 billion pounds during three months ended June 2017, compared with 1.33 billion pounds during the same period in 2016.

During the first quarter of 2017, Consolidated profits climbed by 22.4 percent to 85.5 million pounds, compared to 110.2 million pounds during the same quarter in 2016.

Standalone profits surged by 62 percent to 75.6 million pounds, against 46.7 million pounds.