Juhayna Food Industries saw its net profits more than triple

Juhayna Food Industries' saw its net profits more than triple

Egyptian juice and dairy group Juhayna Food Industries has seen its net profits more than triple in the first half of the year.

For the six months to the end of June, the firm reported profits of EGP100.4m (US$17.7m) compared to profits of EGP29.1m in the prior year period, the company said today (10 August).

Juhayna makes juices, milk and dairy products, with export markets across Africa and the Middle East.

In June, the company announced it is looking to raise around EGP1bn in the country's first IPO for two years.