North Cairo Mills’ profits soar 226% YoY in FY2022/23

Updated 7/31/2023 11:31:00 AM
North Cairo Mills’ profits soar 226% YoY in FY2022/23

Arab Finance: North Cairo Mills Company posted a 226% year-on-year (YoY) surge in net profits after tax for fiscal year (FY) 2022/2023, according to the unaudited financial indicators sent to the Egyptian Exchange (EGX) on July 31st.

Net profits after tax logged EGP 61.616 million in FY 2022/2023, versus EGP 18.906 million in the prior FY.

Meanwhile, revenues rose 106.2% YoY to EGP 1.235 billion from EGP 598.852 million.

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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