ArabFinance: South Cairo and Giza Mills and Bakeries (SCFM) suffered EGP 4.56 million in losses in January 2020, compared to EGP 1.99 million in January 2019, according to the company’s statement to the Egyptian Exchange on February 28th.
The listed company reported a 17% Year on Year increase in its net loss in the second half of 2020, incurring EGP 22.57 million.
South Cairo and Giza Mills, a subsidiary of the Holding Company for Food Industries, is an Egypt-based joint-stock milling company engaged in the processing, trading, importing and exporting, packaging, warehousing, and distributing grains and its related products. Its product portfolio includes flour, pasta, bakery products, and fodder.