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Egyptian Juhayna Food Industries’ profits rose 60 percent year-on-year during the first quarter of 2020, its financial statements showed on Monday.
The company achieved net profits worth 113.62 million Egyptian pounds ($7.2 million) during the first quarter of 2020, up from 71.14 million during the same period in 2018, according to a bourse filling.
Sales surged to 1.78 billion pounds during the January-March 2020 period from 1.73 billion pounds a year earlier.
As for standalone profits, they dropped to 95.88 million pounds during the first quarter of 2020 against 137.25 million pounds during the same period last year.