Alexandria Flour Mills registers 23% profit increase
Updated 1/24/2021 9:55:36 AM
ArabFinance: Alexandria Flour Mills reported a 22.9% Year on Year rise in its net profit in the first half (H1) of the fiscal year (FY) 2020/2021, according to the company’s January 24th unaudited financial statements filed to the Egyptian Exchange.
Net profit stood at EGP 5.569 million in July-December 2020, compared to EGP 4.532 million achieved in the prior-year period.
The company distributed on November 30th cash dividends of EGP 0.18 per share.
The Egypt-based company is engaged in the manufacture, trade, import and export, storage, fumigation and maintenance, packaging, processing, and distribution of grain and its substitutes.
