North Cairo Mills reports EGP 15.7M profit in 11 months
Updated 6/27/2022 10:08:00 AM
Arab Finance: North Cairo Mills Company (MILS) has achieved a profit of EGP 15.662 million during the period from July 1st 2021 until the end of May 2022, up from EGP 3.39 million in the same period a year earlier, according to a filing to the Egyptian Exchange (EGX) on June 27th.
The recorded profit exceeded the EGP 3.79 million targeted for the July-May period.
It is worth noting that North Cairo Mills recorded a net profit after tax of EGP 4.348 million in the July-March period, compared to a net loss of EGP 12.32 million in the comparative period a year earlier.
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.
