Egypt's Juhayna reports 55 pct drop in Q1 net income
date:May 16, 2014
by 13 percent to 812 million Egyptian pounds ($114.16 million).

Last year, the company said it made a net profit of 328.3 million pounds, up 0.9 percent from a year earlier.

Juhayna, which counts among its clients a range of large hotel chains, last December secured a 500 million pound loan from the European Bank for Reconstruction and Development (EBRD) to finance expansion of its dairy and juice factories.

It plans to invest 400 million pounds in 2014 to expand production and improve logist
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05/19 04:21