Middle Egypt Flour Mills posts 7.12% profit increase in Q1 FY 2021/2022
Updated 10/27/2021 12:31:34 PM
ArabFinance: Middle Egypt Flour Mills Company (CEFM) reported a 7.12% year-on-year increase in net profit after tax for the first quarter (Q1) of fiscal year (FY) 2021/2022, according to the company’s financial indicators filed to the Egyptian Exchange (EGX).
The company’s net profit after tax amounted to EGP 25.96 million in the July-September period of 2021, compared to EGP 24.23 million in the prior-year period.
Earning per share (EPS) stood at EGP 1.76 in Q1 FY 2021/2022, up from EPS of EGP 1.65 in Q1 FY 2020/2021.
It is worth noting that Middle Egypt Flour Mills previously posted a net profit of EGP 103.41 million for fiscal year (FY) 2020/2021, up from EGP 98.60 million in FY 2019/2020.
Middle Egypt Flour Mills, a member of the Holding Company for Food Industries, is engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grains and related products.
