Upper Egypt Mills eyes EGP 65.8M standalone profit in FY 2022/2023
Updated 6/19/2022 11:01:01 AM
Arab Finance: Upper Egypt Mills Company (UEFM) is expected to achieve a standalone net profit of EGP 65.875 million in fiscal year (FY) 2022/2023, compared to a profit of EGP 56.575 million under the FY 2021/2022 budget, according to the budget estimates filed to the Egyptian Exchange (EGX) on June 19th.
The company’s operating revenues have been estimated at EGP 853.81 million in FY 2022/2023, up from EGP 663.49 million as per the FY 2021/2022 budget.
Upper Egypt Mills is an Egypt-based company that operates within the fields of manufacturing, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives.
