{"id":641939,"date":"2017-08-02T04:07:11","date_gmt":"2017-08-02T04:07:11","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/"},"modified":"2017-08-02T04:07:11","modified_gmt":"2017-08-02T04:07:11","slug":"listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/","title":{"rendered":"Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes"},"content":{"rendered":"

<\/a> Listed food companies have seen their profits take a hit in 2Q2017 on the back of high <\/strong>inflation, interest rate hikes<\/strong>, and the declining purchasing power of consumers, says Reuters<\/a>. Both top snackmaker Edita and dairy outfit Juhayna saw profits falls, and revenue increases at the two have come on price rises despite falling volumes.<\/p>\n","protected":false},"excerpt":{"rendered":"

Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes, and the declining purchasing power of consumers, says Reuters. Both top snackmaker Edita and dairy outfit Juhayna saw profits falls, and revenue increases at the two have come on price rises despite falling volumes.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-641939","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"5d4e94e7-975d-4941-84e0-35e6816da49b","order":"0","is_powered_by":true,"section_story_id":"8c806e57-862c-401b-bbcc-e852b208c4eb","story_type":"1","photo_url":"","photo_position":"above","related_issue":[641931],"teaser":"","voice_url":""},"yoast_head":"\nListed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes\" \/>\n<meta property=\"og:description\" content=\"Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes, and the declining purchasing power of consumers, says Reuters. Both top snackmaker Edita and dairy outfit Juhayna saw profits falls, and revenue increases at the two have come on price rises despite falling volumes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-08-02T04:07:11+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes\",\"datePublished\":\"2017-08-02T04:07:11+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/\"},\"wordCount\":76,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/08\/02\/listed-food-companies-have-seen-their-profits-take-a-hit-in-2q2017-on-the-back-of-high-inflation-interest-rate-hikes\/\",\"name\":\"Listed food companies have seen their profits take a hit in 2Q2017 on the back of high inflation, interest rate hikes - 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interest rate hikes pushed through in its wake, the Financial Times\u2019 Heba Saleh\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":648115,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/29\/usd-1-bn-in-foreign-inflows-in-two-days-following-interest-rate-hikes\/","url_meta":{"origin":641939,"position":1},"title":"USD 1 bn in foreign inflows in two days following interest rate hikes","author":"enterpriseam admin","date":"29 May 2017","format":false,"excerpt":"USD 1 bn in foreign inflows in two days following interest rate hike: Nearly USD 1 bn in \u201cforeign investment\u201d (read this as \u201cthe carry trade,\u201d we\u2019d say) flowed into Egypt within two days of the central bank\u2019s Monetary Policy Committee hiking interest rates by 200 bps, CBE Governor Tarek\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645590,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/25\/earnings-watch-orange-egypts-losses-grow-vodafone-egypt-revenue-snapshot\/","url_meta":{"origin":641939,"position":2},"title":"Earnings watch: Orange Egypt\u2019s losses grow, Vodafone Egypt revenue snapshot","author":"enterpriseam admin","date":"25 July 2017","format":false,"excerpt":"EARNINGS WATCH- Orange Egypt reported an increase in net loss after tax to EGP 1.10 bn in 1H2017 from EGP 33.4 mn in the same period last year. Revenues rose 6.33% y-o-y to EGP 6.12 bn in 2Q2017. 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