Alexandria Flour Mills reports 118% profit increase in FY 2020/2021
Updated 8/1/2021 2:36:54 PM
ArabFinance: Alexandria Flour Mills (AFMC) posted a net profit of EGP 17.578 million in the fiscal year (FY) 2020/2021, according to the company’s financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) rise of 117.5% when compared to EGP 8.082 million in the FY 2019/2020.
Alexandria Flour Mills’ ordinary general assembly approved abiding by Act no. 159 for 1981 and its Executive Regulations.
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.
