Cairo – Mubasher: Juhayna Food Industries lowered its investment value for 2016 to EGP 500 million from EGP 640 million, according to a bourse filing on Tuesday.
The company decided to carry on all projects under construction and putt off any new investments.
Further, the company will depend on the currently available raw materials and animal feeds, in addition to lower its import amid USD shortage and the fall of EGP value.
In the third quarter, the company earned EGP 58.2 million, compared with EGP 88.2 million for the year-ago period.
