trending Market Intelligence /marketintelligence/en/news-insights/trending/b0VNbjq1ILDuiy60Y1ULMg2 content esgSubNav
In This List

Juhayna Food Industries Q1 profit climbs 77.0% YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Juhayna Food Industries Q1 profit climbs 77.0% YOY

Juhayna Food Industries SAE said its first-quarter normalized net income came to 7 Egyptian piastres per share, compared with the S&P Capital IQ consensus estimate of 7 piastres per share.

EPS climbed 76.9% year over year from 4 piastres.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 63.0 million pounds, a gain of 77.0% from 35.6 million pounds in the prior-year period.

The normalized profit margin rose to 7.3% from 4.4% in the year-earlier period.

Total revenue grew 6.7% year over year to 866.5 million pounds from 812.2 million pounds, and total operating expenses came to 736.9 million pounds, compared with 733.9 million pounds in the year-earlier period.

Reported net income rose 50.9% from the prior-year period to 65.1 million pounds, or 7 piastres per share, from 43.2 million pounds, or 5 piastres per share.

As of May 22, US$1 was equivalent to 7.63 Egyptian pounds.