Egypt's Juhayna Food Industries saw a 23 percent increase in net profits in the three months ending 31 March compared to the same period a year earlier, said a company statement sent to the bourse on Sunday.

The dairy products and juice maker, posted EGP 80.4 million in profits for the first quarter of 2016, up from EGP 60.2 million registered in the same period a year prior.

Juhayna has been one of the country's leading dairy producers for three decades.