Cairo – Mubasher: Okaz Stockbrokers and Investment Consultants lowered the fair value (FV) of Juhayna Food Industries to EGP 6.55 from EGP 7.88 on 9 December, with a “Buy” recommendation”.
The company’s stock fell 1.32% to EGP 4.5 by 2:03pm Egypt time, according to a statement.
Juhayna’s consolidated net profit plummeted 54% to record EGP 29.8 million in Q2-16, compared to EGP 65.2 million in Q2-15 despite the holy month of Ramadan which is the company’s peak season coming during Q2-16.
