Egyptian dairy and juice maker Juhayna Food Industries saw its net profit more than triple in the first half of the year.

For the six months to the end of June, the company made a consolidated profit of EGP100.4m (US$17.7m) compared to EGP29.1m in the prior year period, the company said today (10 August).

Juhayna makes milk, dairy products and juices, with export markets across Africa and the Middle East.

In June, the company announced it was looking to raise just over EGP1bn in the country’s first IPO for two years.

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By GlobalData