Alexandria Flour Mills’ unaudited profit hikes 135.7% YoY in 9 months
Updated 4/21/2022 12:06:03 PM
ArabFinance: Alexandria Flour Mills (AFMC) posted a 135.7% year-on-year (YoY) surge in net profit after tax for the first nine months of fiscal year (FY) 2021/2022, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX) on April 21st.
Net profit after tax grew to EGP 24.43 million in the nine-month period ended March 31st from EGP 10.36 million in the same period of FY 2020/2021.
The company generated revenues of EGP 153.40 million in the period ended March 31st, up by 13.1% YoY from EGP 135.58 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.
