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Egypt’s consumer sector to fully recover by early 2019 as inflationary pressures ease
Market indicators suggest there was broad-based market slowdown in 2017
Juhayna profits increase 39% to EGP 81m
Company continuously strives to procure effective solutions to meet economic challenges, says CEO Juhayna for Food Industries’ 2018 first quarter results illustrate an upswing in profits of 39% year-over-year to reach EGP 81m, while quarterly revenues rose 23%, reaching EGP 1.6bn. The company’s first-quarter profit was due to general economic recovery, following the adoption of …
Juhayna reports 39% hike in Q1 profits in dairy, yoghurt segment
Net profit margin increased to 5.2% compared to last year’s 4.5%
Juhayna exports up 207% last year
2018 will see Egypt’s economy recover, economic reform fruits appeared in last quarter of 2017, says Thabet
Juhayna 2017 profits soar 268% as sales accelerate
Company’s revenues climbed to EGP 6.06bn versus EGP 4.9bn in 2016
Juhayna succeeded in collecting EGP10m for Baheya Hospital within 5 days
As Juhayna had announced, donations collected for Baheya Hospital in the framework of Juhayna campaign launched earlier this year to support the hospital, which is only one dedicated for the early detection and treatment of breast cancer, reached EGP10m, after only five days only of launching the campaign. Juhayna’s campaign had aimed to collect EGP19m …
EGP 19m to help thousands of cases waiting for cancer detection and treatment at Baheya Hospital.
Juhayna has launched a new campaign to support Baheya Hospital for early detection and treatment of breast cancer. The campaign aims at collecting EGP19m for the benefit of the hospital ahead of the Egyptian derby match between Al-Ahly and Al-Masri clubs, due to be played on 12 January in United Arab Emirates (UAE). Meanwhile, Juhayna …
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Pharos recommends ‘equal-weight’ on Juhayna
The research firm said that Eastern Co’s still benefiting from low-cost dollar inventory
Juhayna attributes its EGP 1,684m revenues in Q3 to dairy, juice production
The growth of revenues during Q3 was mainly driven by an increase in the dairy and juice segments’ revenues, which climbed 21% and 18% y-o-y respectively in the first nine months of 2017, according to Juhayna’s report
Juhayna seeks to reduce production costs through reducing waste
The company will adopt a Japanese model to lessen waste between 5-10 percent in 2017
Printing price on packaging violates free market policy and increases production cost: Juhayna
Governmental decisions are bold and necessary to reform the economy and put it on the right track: Thabet
Listing Safwan Sabet on terrorist list does not include the companies he is associated with: Juhayna board of directors
The company continues to operate; no impact on employees, government, and non-government trade
Dollar shortage crisis impacts Juhayna’s expansion agreement with Arla Foods
The worsening dollar crisis, which began in 2015 and resulted in the dollar reaching as high as EGP 20, has lead to a reduction of benefits for Juhayna Food Industries from its partnership with European Arla Foods where the latter produces its products in the Egyptian market. According to an official source in Juhayna, the …
Juhayna to start manufacturing Arla products in December
The company targets to provide part of the production for foreign markets, after manufacturing through Juhayna’s production lines in 6th of October City
Juhayna reports 34% decline in Q3 net profits, despite increased sales
Higher costs due to the dollar shortage is the reason behind the drop in profits, says Juhayna’s CEO
Reaching new heights: Juhayna teams up with Egyptian adventurer to develop Upper Egypt
Galal Zekra Shatila looks to climb the highest peak on all seven continents, starting with Mount Kilimanjaro
Seif el-Din firm on the throne of Juhayna
20% gradual increase on product costs in 2016 to compensate dollar inflation
Juhayna targets producing 30% of its own daily needs by end of 2018
The company aims to increase production by five times, to 250 tonnes, in the Mandesha farm in the Bahariya Oasis within two years, says head of the animal production sector Mohamed Obaid
Juhayna launches national donation campaign to aid Baheya hospital
Juhayna wants to support the mothers of Egypt in the crucial and diverse roles they take on, says marketing manager
Juhayna did not receive investigation request from CPA: Thabet
We are not investigating with the company until we make sure of the accusations, says CPA
Market unaffected by confiscated Muslim Brotherhood assets: Economic expert
Assets of hundreds of Muslim Brotherhood members, NGOs and several companies have been confiscated since Morsi’s ouster
Stocks of Safwan Thabet frozen, Abderdeen increases stakes in Juhayna
Stock market’s main index EGX-30 dropped by 0.94%, registering at 7172.6 points
Juhayna, Arla Foods partnership aims for €100m sales by 2020: Juhayna Chairman
Sales activities for new company Argo for Food Industries to be launched in October, says Safwan Thabet
Annual production of 5bn-7bn packages needed to establish facility: Tetra Pak official
Company’s production and net sales expected to grow by 20% in 2015
Joint venture formed between Juhayna, Arla Foods
JV will expand Juhayna’s product portfolio to include cheese, butter and infant formula, will be 51% owned by Juhayna and will be managed by Arla
Company invests EGP 2bn in construction of hypermarket: Supply minister
Private company to supply EGP 2bn to build chain of hypermarkets as part of plan to expand local trade markets in collaboration with supply ministry
Egypt’s Juhayna Food Industries says to appeal chairman’s sentence
Reuters – Egypt’s Juhayna Food Industries , one of the country’s largest dairy product and juice makers, said on Monday it would appeal against a court sentence for its chairman. A spokesman for a Cairo court said Safwan Thabet, who is also Juhayna’s chief executive, had received a one-year jail sentence on Thursday for selling …
Egypt’s Juhayna to invest $58m in 2014
Juhayna, which counts among its clients EgyptAir, Air France and several large hotel chains, reported a 23% drop in its third-quarter net profit, hurt by muted sales growth and one-off foreign exchange losses.
EFG Hermes: Egypt’s economy will grow 3.5% in 2013
The acceptance of Egypt’s pending IMF loan will have a positive effect on the economy and there will be an increase in tourism and FDI throughout the year, says EFG