North Cairo Mills’ profits up 12.6% YoY in FY2023/24

Updated 8/1/2024 10:39:00 AM
North Cairo Mills’ profits up 12.6% YoY in FY2023/24

Arab Finance: North Cairo Mills Company saw a 12.63% year-on-year (YoY) increase in net profits after tax during the fiscal year (FY) 2023/2024, according to the firm’s financial indicators.

Net profits after tax came in at EGP 69.187 million last FY, compared to EGP 61.43 million a year earlier.

Meanwhile, revenues inched up to EGP 1.28 billion from EGP 1.234 billion.

North Cairo Flour Mills, a subsidiary of the Holding Company for Food Industries, is an Egypt-based public shareholding company engaged in the food processing industry sector.

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