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Upper Egypt Mills’ standalone profits fall 3.7% YoY in FY 2021/2022

Upper Egypt Mills’ standalone profits fall 3.7% YoY in FY 2021/2022

Arab Finance: Upper Egypt Mills Company (UEFM) reported a 3.75% year-on-year (YoY) decline in standalone net profit after tax for fiscal year (FY) 2021/2022, according to the standalone statement filed to the Egyptian Exchange (EGX) on September 25th.

The company recorded a net profit after tax of EGP 131.44 million in FY 2021/2022, compared to EGP 136.574 million in FY 2020/2021.

Total operating revenues amounted to EGP 925.42 million in the 12-month period ended June 30th, up from EGP 810.64 million in the FY before.

Upper Egypt Mills is an Egypt-based company that operates in the manufacturing, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives.

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