Arab Finance: Middle Egypt Flour Mills Company (CEFM) recorded a 12.07% year-on-year (YoY) increase in net profits after tax for the first half (H1) of fiscal year (FY) 2022/2023, according to the financial statement filed to the Egyptian Exchange (EGX) on February 1^st.

Net profit reached EGP 54.554 million in the six-month period ended December 31^st, 2022, compared to EGP 48.677 million in the year-ago period.

The company’s revenues stood at EGP 269.96 million in the six-month period ended December 31st, 2022, up from EGP 258.47 million in the comparative period of FY 2021/2022.

Middle Egypt Flour Mills is an EGX-listed company engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grains and related products

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