Cairo - Mubasher: NBK Capital MENA Research said it will maintain its positive view on Juhayna’s stock while reiterating its buy recommendation.
NBK Capital has been expecting 2015 to be a turnaround year for Juhayna with easing raw material costs playing a major factor in this.
Juhayna’s financial results for the fourth quarter of 2015 showed a very strong recovery in the gross profit margin.
The company's Sales increased by 23% y-o-y to EGP 1.1 billion in Q4-2015.
Meanwhile, the company's gross profits increased by 54% y-o-y to EGP 394 million in Q4-2015.
EBIT increased also by 72% y-o-y to EGP 154 million in 4Q2015, while net income increased by 84% YoY to EGP 61 million.
NBK Capital MENA Research said it will maintain its positive view on Juhayna’s stock while reiterating its buy recommendation.s
