Alexandria Flour Mills endorses FY 2022/2023 budget

Updated 3/21/2022 3:30:39 PM

ArabFinance: Alexandria Flour Mills (AFMC) announced that its board of directors has endorsed the planning budget for fiscal year (FY) 2022/2023, according to a statement filed to the Egyptian Exchange (EGX).

Under the FY 2022/2023 budget, the company is targeting achieving a net profit after tax of EGP 20 million.

Alexandria Flour Mills is an Egypt-based company that operates in the manufacture, trade, import and export, storage, fumigation and maintenance, packaging, processing, and distribution of grain and its substitutes.