Thndr Claps » EGY Claps » Earnings 📈 » Juhayna’s 2022 9-month profits dip🥛
The ClapJuhayna’s (JUFO) profits in the first nine months of 2022 dipped by 3% on a yearly basis.
WhatWhile profits took a slight dip, sales increased by 25% driven by the milk & juice segments, as well as an increase in product prices by 20% on average.
So whatThe company attributed the decline in profits to increasing raw material costs as well as supply chain disruptions.
Now whatJuhayna’s CEO said the company aimed to lower its spending & increase its operational efficiency.
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