Middle Egypt Flour Mills posts 1% YoY profit increase in 9 months
Updated 4/27/2022 12:12:00 PM
ArabFinance: Middle Egypt Flour Mills Company (CEFM) has reported a 1.01% year-on-year (YoY) profit increase during the period from July 1st 2021 until March 31st, according to financial indicators filed to the Egyptian Exchange (EGX) on Wednesday.
The company’s net profits after tax grew to EGP 73.778 million in the July-March period from EGP 73.042 million in the same period a year earlier.
On the other hand, revenue decreased to EGP 379.137 million in the nine-month period ended March 31st from EGP 385.4 million in the comparative period the year before.
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.
