Earnings watch: Abu Dhabi Islamic Bank and Juhayna

EARNINGS WATCH- Abu Dhabi Islamic Bank’s net profits after tax rose by 74% y-o-y to EGP 658.5 mn in 1H2019, up from EGP 378.2 mn a year earlier, according to a bourse filing (pdf). Revenues increased to EGP 1.8 bn during the period, a 25% y-o-y rise.

Juhayna Food Industries’ 2Q2019 profit fell 31% y-o-y to EGP 108 mn, the dairy producer said in its earnings statement (pdf). Revenues during the quarter increased 5% to reach EGP 2 bn.