Juhayna targeting 20% Y-o-Y increase in sales in 2016
Juhayna Food Industries (JUFO.CA) announced that is targeting a 20% Y-o-Y increase in sales to EGP5bn by end of 2016, said Deputy Chairman and MD Seif Thabet, adding that the company’s current production capacity is 4,000 tonnes daily, following the addition of six juice and yogurt production lines before Ramadan. The company also plans to add three new dairy lines before end-2016. Our numbers call for a top-line of EGP5.15bn in 2016. (Amwal Al Ghad, Hatem Alaa) Juhayna: EGP6.60 as of 20 July 2016, Rating: Buy, FV: EGP9.50 per share, MCap: USD700mn, JUFO EY / JUFO.CA
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