Company continuously strives to procure effective solutions to meet economic challenges, says CEOJuhayna for Food Industries’ 2018 first quarter results illustrate an upswing in profits of 39% year-over-year to reach EGP 81m, while quarterly revenues rose 23%, reaching EGP 1.6bn. The company’s first-quarter profit was due to general economic recovery, following the adoption of a strategy to reduce the company’s debts, said Seif Thabet, CEO of Juhayna. He added that that occurred by plummeting the on-board importing expenses at the present time, while maintaining cash flows. Consequently, this was positively reflected on the company’s first-quarter profits. This will lead to providing stable prices that never comply with sudden and unacceptable increases, in addition to offering high-quality products with favourable prices.

Source: Daily News Egypt May 29, 2018 16:07 UTC