Alexandria Flour Mills 9-month profit increases
Updated 4/22/2021 9:21:00 AM
ArabFinance: Alexandria Flour Mills (AFMC) posted a net profit of EGP 10.366 million in July-March 2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) rise of 3.5% when compared to EGP 10.017 million in the first nine months of the fiscal year (FY) 2020/2021.
on March 24th, the board of directors of Alexandria Flour Mills approved the estimated budget for the FY 2021/2022.
The company target investing EGP 11 million during FY 2021/2022, with a targeted surplus before tax of EGP 10.16 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.
