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Upper Egypt Mills logs EGP 25.07M standalone profit in 3 months

Upper Egypt Mills logs EGP 25.07M standalone profit in 3 months

ArabFinance: The board of directors of Upper Egypt Mills Company (UEFM) has approved the standalone financial results of the company for the first quarter (Q1) of fiscal year (FY) 2021/2022, according to a statement filed to the Egyptian Exchange (EGX).

The financial indicators showed that the company’s standalone net profit after tax fell to EGP 25.075 million in Q1 FY 2021/2022 from EGP 25.366 million in Q1 FY 2020/2021.

Operating revenue amounted to EGP 194.29 million during the period starting July 1st until September 30th, 2021, compared to EGP 169.71 million in the year-ago period.

Upper Egypt Mills is primarily involved in the manufacturing, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives.

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