Egyptian food company Juhayna says first half profit jumps 180.3%

Egypt’s Juhayna Food Industries reported a 180.3 percent jump in first-half profit, according to a statement to the Cairo bourse on Wednesday.

Juhayna, Egypt’s largest dairy and juices producer, said profit reached 239.8 million Egyptian pounds ($13.4 million) for the six months to June 30, compared with 85.5 million pounds last year.

Sales recorded 3.48 billion pounds, up from 2.86 billion pounds last year, the statement added.

Profit was 80.72 million pounds for the three months to March 30 this year, up from 58.25 million pounds in the same period last year.