Middle Egypt Flour Mills logs EGP 25.9M profit in 3 months
Updated 11/10/2021 4:46:10 PM
ArabFinance: Middle Egypt Flour Mills Company (CEFM) posted a net profit after tax of EGP 25.96 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, versus a profit of EGP 24.23 million in Q1 FY 2020/2021, according to the company’s financial results filed to the Egyptian Exchange (EGX).
The company’s revenues reached EGP 124.9 million in the July-September period of 2021, down from EGP 125.06 million in the prior-year period.
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.
