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Upper Egypt Mills reports consolidated profit increase for FY 2020/2021

Upper Egypt Mills reports consolidated profit increase for FY 2020/2021

ArabFinance:  Upper Egypt Mills Company (UEFM) reported a consolidated net profit after tax of EGP 147.11 million in fiscal year (FY) 2020/2021, compared to a profit of EGP 143.67 million in FY 2019/2020, according to the company’s financial statement filed to the Egyptian Exchange (EGX).

The company’s total operating revenues amounted to EGP 1.17 billion in FY 2020/2021, down from EGP 1.18 billion in FY 2019/2020.

Upper Egypt Mills is primarily involved in the manufacturing, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives. It holds a majority stake of 54.5% in a flour milling company and Kings Valley Mills Company.

 

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