{"id":649880,"date":"2017-03-12T04:13:43","date_gmt":"2017-03-12T04:13:43","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/earnings-watch-6\/"},"modified":"2017-03-12T04:13:43","modified_gmt":"2017-03-12T04:13:43","slug":"earnings-watch-6","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/12\/earnings-watch-6\/","title":{"rendered":"Earnings watch"},"content":{"rendered":"<p><strong>** EARNINGS WATCH:<\/strong> Top dairy and juice products maker <strong>Juhayna <\/strong>reported that \u201csevere inflationary pressures on the company\u2019s cost base owing to the float of the Egyptian Pound on 3 November 2016 took a toll on bottom-line profitability, with the company turning a Net Loss of EGP 115 million in 4Q16 compared to a profit of EGP 61 million in the same period last year,\u201d it <a href=\"http:\/\/www.juhayna.com\/app\/uploads\/2017\/03\/JUFO-ER-4Q16-E-.pdf\">said in a regulatory filing<\/a>. On a full-year basis, an 18% year-on-year rise in revenues to EGP 4.9 bn wasn\u2019t enough to prevent an 81% dip in net income to EGP 54 mn. The company said rising sales will help it return to profitability through operational efficiencies, increasing reliance on domestically produced raw materials and through cost discipline.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>** EARNINGS WATCH: Top dairy and juice products maker Juhayna reported that \u201csevere inflationary pressures on the company\u2019s cost base owing to the float of the Egyptian Pound on 3 November 2016 took a toll on bottom-line profitability, with the company turning a Net Loss of EGP 115 million in 4Q16 compared to a profit [&hellip;]<\/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-649880","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"d99f3711-10b4-417b-85f8-9b13e6935e86","order":"0","is_powered_by":true,"section_story_id":"3ea0766c-19ef-45c7-9ef8-cd8202f19009","story_type":"1","photo_url":"","photo_position":"above","related_issue":[649861],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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Revenues rose 24% y-o-y to EGP 3.9 bn. The company\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":573394,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/04\/earnings-watch-edita-mm-group-report-1h2020-results\/","url_meta":{"origin":649880,"position":1},"title":"Earnings watch : Edita, MM Group report 1H2020 results","author":"enterpriseam admin","date":"4 August 2020","format":false,"excerpt":"EARNINGS WATCH- Pandemic lockdown weighed on Edita\u2019s 2Q2020 performance: The covid-19 pandemic and the partial lockdown the government imposed weighed on Edita\u2019s profitability during the second quarter of the year, leading the snack food maker to report a 90.3% y-o-y drop in net profit to EGP 3.1 mn in the\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":598218,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/earnings-watch-qalaa-holdings-reports-egp-1-35-bn-net-profit-in-2018\/","url_meta":{"origin":649880,"position":2},"title":"Earnings watch: Qalaa Holdings reports EGP 1.35 bn net profit in 2018","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"EARNINGS WATCH- Qalaa Holdings has reported a net profit of EGP 1.35 bn in 2018, compared to a loss of EGP 4.71 bn in 2017, according to the company\u2019s earnings release (pdf). Revenues jumped 25% y-o-y to EGP 13.17 bn during the year, up from EGP 10.55 bn in 2017,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":572117,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/11\/earnings-watch-misr-cement-abu-qir-telecom-egypt\/","url_meta":{"origin":649880,"position":3},"title":"Earnings Watch: Misr Cement, Abu Qir, Telecom Egypt","author":"enterpriseam admin","date":"11 June 2020","format":false,"excerpt":"EARNINGS WATCH- State-owned Telecom Egypt (TE) reported a 19% y-o-y decline in 1Q2020 net profits to EGP 1.3 bn on the back of declining investment income, according to itsearnings release (pdf). TE\u2019s consolidated revenues rose 15% y-o-y to EGP 7 bn as a result of higher retail data revenues. 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