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.