Alexandria Flour Mills’ unaudited profits grow 20% YoY in FY2022/23

Updated 7/30/2023 11:01:00 AM
Alexandria Flour Mills’ unaudited profits grow 20% YoY in FY2022/23

Arab Finance: Alexandria Flour Mills (AFMC) reported a 20.3% year-on-year (YoY) increase in its net profits after tax in fiscal year (FY) 2022/2023 to EGP 44.542 million, versus EGP 37.026 million, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX) on July 30th.

The firm generated EGP 257.162 million in revenues in FY 2022/2023, up 16.6% from EGP 220.460 million in the prior FY.

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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