The Clap:
Juhayna Food Industries reported healthy growth in both net sales and net income for the three months ending in March.
Revenues:
Juhayna saw its top line grow 68.2% YoY to EGP 5.7 billion.
Gross profit:
Gross income rose 116.7% YoY to EGP 2.2 billion.
Net profit:
The firm saw its net income surge 41% YoY during the quarter to EGP 478.7 million.
Follows a strong 2023:
Last year, the dairy giant saw its bottom line surge 60% YoY to EGP 1 billion in and its revenues leap 42% YoY to EGP 16.1 billion on the back of new product launches, improved cash flow, and efficient utilization of working capital.
