Alexandria Flour Mills records 97.5% YoY profit growth in FY 2021/2022
Updated 7/26/2022 10:55:00 AM
Arab Finance: Alexandria Flour Mills (AFMC) posted a 97.5% year-on-year (YoY) surge in net profit after tax during fiscal year (FY) 2021/2022, according to the company’s financial indicators filed to the Egyptian Exchange (EGX) on July 26th.
Net profit after tax grew to EGP 35.775 million in the 12-month period ended June 30th from EGP 18.117 million in FY 2020/2021.
The company generated revenues of EGP 220.460 million in FY 2021/2022, rising by 18.9% YoY from EGP 185.478 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.
