Juhayna Net Income Trebles As Capacity Growth Drives Earnings

Tying into our positive near-term view on the Egyptian consumer and its food and drink (F&D) industry in particular, the diversified and recently IPO'd (initial public offering) F&D company Juhayna has reported a more than threefold net income (earnings came in close to US$18mn) increase for the six month period to June 2010. Bottom line growth was driven largely by three new plants coming online.

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