South Cairo and Giza Mills loss widens in February
Updated 3/31/2021 10:19:00 AM
ArabFinance: South Cairo and Giza Mills and Bakeries (SCFM) reported a net loss of EGP 4.458 million in February 2021, according to the company’s March 31st statement.
In February 2020, the listed company incurred a net loss of EGP 2.590 million.
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.
