Egypt

Juhayna: 3Q22 – Revenues continue to rise while costs take a toll on margins

  • Yogurt sales drop sequentially while the rest continue to rise; Solid market shares maintained

  • Heightened costs taking a toll on margins; provisions pressuring bottom-line further

  • Commodities cool-down and removal of import restrictions to support margins; Maintain Overweight

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Marina William @ Al Ahly Pharos Securities Brokerage
November 17th, 2022
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