North Cairo Mills incurs EGP 7.7M loss in 5 months
Updated 1/3/2022 8:07:26 AM
ArabFinance: North Cairo Mills Company (MILS) announced that its board of directors has approved the company’s financial results for the first five months of fiscal year (FY) 2021/2022, according to a statement filed to the Egyptian Exchange (EGX).
The company has incurred a net loss of EGP 7.77 million in the period from July 1st until November 30th, 2021, up from EGP 6.89 million in the same period of FY 2020/2021.
It is worth noting that the company suffered a net loss of EGP 4.99 million in the period from July 1st until October 31st, 2021, up from EGP 3.23 million in the same period of FY 2020/2021.
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.
