Arab Finance: Alexandria Flour Mills (AFMC) reported a 43.4% year-on-year (YoY) increase in net profits after tax for the first nine months of fiscal year (FY) 2023/2024, as per a financial statement on May 12^th.

Net profits after tax surged to EGP 44.492 million in the nine months to March 31st of this FY from EGP 31.018 million during the same period of last FY.

Meanwhile, the company’s sales jumped to EGP 231.042 million from EGP 186.863 million.

Alexandria Flour Mills is an Egypt-based company that operates in the manufacture, trade, import and export, storage, fumigation and maintenance, packaging, processing, and distribution of grain and its substitutes.

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