South Cairo and Giza Mills turns profitable in FY2022/23

Updated 10/1/2023 9:43:00 AM
South Cairo and Giza Mills turns profitable in FY2022/23

Arab Finance: South Cairo and Giza Mills and Bakeries (SCFM) recorded net profits after tax of EGP 42.003 million in fiscal year (FY) 2022/2023, compared to EGP 10.336 million in net losses in FY 2021/2022, according to the financial indicators filed to the Egyptian Exchange (EGX) on October 1st.

South Cairo and Giza Mills is an Egypt-based joint-stock milling company engaged in the processing, trading, importing and exporting, packaging, warehousing, and distributing of grains and their related products. Its product portfolio includes flour, pasta, bakery products, and fodder.

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