North Cairo Mills posts profit of EGP 3.4M
Updated 6/24/2021 10:09:13 AM
ArabFinance: North Cairo Mills Company (NCMC) reports a net surplus of EGP 3.389 million in the July-May period of the fiscal year (FY) 2020/2021, according to the company’s statement filed to the Egyptian Exchange.
NCMC posted a net surplus of EGP 16.808 million in July-May in 2019/2020.
The listed company incurred a net loss of EGP 12.320 million in the nine months ending March 2021.
The company distributed annual cash dividends of EGP 0.50 per share on December 20th.
North Cairo Flour Mills, a subsidiary of the Holding Company for Food Industries, is an Egypt-based public shareholding company engaged in the food processing industry sector.
The company is primarily involved in the processing, packaging, storing, trading, and distribution of different types of grains, grain derivatives, and substitutes.
