Alexandria Flour eyes EGP 11M investments in FY 2021/2022
Updated 3/24/2021 12:05:37 PM
ArabFinance: The board of directors of Alexandria Flour Mills (AFMC) approved the estimated budget for the fiscal year (FY) 2021/2022, according to the company’s filing to the Egyptian Exchange on March 24th.
The company target investing EGP 11 million during FY 2021/2022, with a targeted surplus before tax of EGP 10.16 million.
The expected return per share reached EGP 0.12 per share for a total of 32.89 million shares.
The company’s revenues stood at EGP 218.18 million for FY 2021/2022.
The listed company posted a 22.9% Year on Year jump in its net profit in the first half of FY 2020/2021, recording EGP 5.56 million.
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.
