Arab Finance: Upper Egypt Flour Mills (UEFM) reported a 11.38% year-on-year (YoY) increase in its standalone net profits after tax, recording EGP 93.016 million during the first nine months of fiscal year (FY) 2022/2023, compared to EGP 83.510 million, according to a bourse filing on May 1^st.

Established in 1965, the company is primarily involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives, as well as baking bread.

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