Equity Analysis /

Juhayna: JUHAYNA FOOD INDUSTRIES: Higher cost of debt and lower volumes impact earnings

    Esili Eigbe
    Esili Eigbe

    Head of Consumer Research

    Tellimer Research
    27 July 2017
    Published byTellimer Research
    Juhayna reported weak H1 17 earnings results yesterday, broadly in line with our expectations and local consumer peer trends with EPS declining 23% yoy to EGP0.09. This implies sustained weakness in Q2 17 EPS, -12% yoy and -55% yoy to EGP0.03.