North Cairo Mills trims losses in H1 FY 2021/2022
Updated 1/31/2022 9:57:43 AM
ArabFinance: North Cairo Mills Company (MILS) reported a 10.24% year-on-year decline in net loss after tax for the first half (H1) of fiscal year (FY) 2021/2022, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX).
The company incurred a net loss after tax of EGP 8.86 million in H1 FY 2021/2022, down from EGP 9.87 million in H1 FY 2020/2021.
Moreover, the company’s revenue increased by 2.51% to EGP 264.88 million in the six-month period ended December 31st 2021 from EGP 258.38 million in the same period of 2020.
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.
