Latest news with #Juhayna
Zawya
07-07-2025
- Business
- Zawya
Juhayna partners with Saudi Al Rashed Distribution to expand business
Cairo – Juhayna Food Industries has been cooperating with Al Rashed Distribution Company in Saudi Arabia in line with its business strategy of targeting new markets. Juhayna currently exports its products to 48 countries, while entering into partnerships with local distributors to scale its business in the targeted countries, according to a bourse disclosure. Last May, the EGX-listed firm secured a loan valued at EGP 1.90 billion from Commercial International Bank-Egypt (CIB) to finance the purchase of a new citrus production line. In 2024, Juhayna logged 168% year-on-year (YoY) higher consolidated net profits at EGP 2.73 billion, versus EGP 1.02 billion. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
03-07-2025
- Business
- Zawya
Egypt: Zilla Capital advises Juhayna on strategic partnership with Saudi Arabia's AlRashed Group
Arab Finance: Zilla Capital Investment Bank has advised Juhayna Food Industries on a strategic partnership with AlRashed Group, a food distributor in Saudi Arabia, as per a statement. The agreement marks the start of Juhayna's operations in the Saudi market as part of its regional expansion plans. Khaled Gamal, Co-Founder and Managing Partner of Zilla Capital, said that Juhayna's entry into Saudi Arabia is a pivotal step in its regional growth efforts and reflects interest from Egyptian companies in Gulf market opportunities. He noted that the agreement demonstrates Zilla Capital's role in supporting its clients' expansion into new markets. Moustafa El-Shenety, Managing Partner and Head of Investment Banking at Zilla Capital, said the transaction is in line with the firm's approach to developing its presence in the Saudi market. He added that Zilla aims to connect Egyptian companies with opportunities in the Gulf by drawing on its network and experience in the region. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
25-06-2025
- Business
- Zawya
Egypt: Juhayna sees 37.3% YoY lower consolidated profits in Q1 2025
Juhayna Food Industries logged consolidated net profits attributable to the owners of the company valued at EGP 299.615 million in the first quarter (Q1) of 2025, according to the financial results. The quarterly earnings were lower by 37.36% year-on-year (YoY) than EGP 478.333 million. Earnings per share (EPS) dropped to EGP 0.32 at the end of March 2025 from EGP 0.51 in Q1 2024. Consolidated net sales hiked to EGP 6.802 billion in Q1 2025 from EGP 5.434 billion. As for the standalone business, the company turned profitable at EGP 204.981 million in the first three months of 2025, against net losses valued at EGP 1.213 million a year earlier. Non-consolidated EPS hit EGP 0.22 in Q1 2025, versus a loss per share of EGP 0.001 in Q1 2024. At the end of December 2024, Juhayna posted a 167.79% YoY higher consolidated profits excluding minority interest at EGP 2.735 billion, compared to EGP 1.020 billion. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
29-05-2025
- Business
- Zawya
Egypt: Juhayna signs $38mln loan with CIB to finance citrus production line
Arab Finance: Juhayna Food Industries has signed a medium-term loan agreement with Commercial International Bank (CIB) worth $31.6 million and EGP 255 million, with a combined value equivalent to approximately EGP 1.9 billion, as per a disclosure. The loan will finance the purchase of a new citrus production line, in line with Juhayna's plans to expand its concentrate business. The facility carries a tenor of six years. The company said the investment supports its strategy to enhance operational capacity and productivity, increase exports, and move toward foreign currency self-sufficiency. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
26-03-2025
- Business
- Zawya
Egypt: Juhayna Food Industries reports 167.79% YoY hike in 2024 consolidated net profits
Arab Finance: Juhayna Food Industries (JUFO) posted a 167.79% year-on-year (YoY) surge in consolidated profit attributable to the parent company during 2024, according to financial statements filed to the Egyptian Exchange (EGX) on March 26th. The company's consolidated profit excluding minority interest increased to EGP 2.735 billion in 12 months to December 31st from EGP 1.020 billion a year earlier. Net sales surged to EGP 24.302 billion in January-December from EGP 15.536 billion in 2023. Furthermore, Juhayna reported a standalone net profit after tax of EGP 21.527 million from January to the end of December, compared to a net loss of EGP 4.096 million in the same period in 2023 Founded in 1983, Juhayna is an Egypt-based company specializing in producing, processing, and packaging dairy, juice, and cooking products. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
