Juhayna inaugurates its new EGP600mn Bahariya dairy farm
Juhayna Food Industries (JUFO.CA) has inaugurated its new 10,000 feddan dairy farm in Bahariya yesterday, which was set up for cEGP600mn. According to board member Aqeel Bashir, the farm will cover 15% of the company’s raw milk needs, but Juhayna will not cut back on purchasing milk from other farms.
Juhayna: EGP8.13 as of 2 Apr. 2017, Rating: Buy, TP: EGP10.50/share, MCap: USD421mn, JUFO EY/JUFO.CA
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