North Cairo Flour Mills posts 1121.3% YoY profit surge in FY 2021/22
Updated 8/31/2022 12:48:00 PM
Arab Finance: North Cairo Mills Company (MILS) reported a 1121.28% year-on-year (YoY) hike in net profit after tax during the fiscal year (FY) 2021/2022, according to an unaudited financial statement filed to the Egyptian Exchange (EGX) on Wednesday.
The company’s net profit after tax surged to EGP 17.904 million in the period ended June 30th from EGP 1.466 million the year before.
Revenues reached EGP 633.026 million from July 2021 until the end of June 2022, up from EGP 552.163 million during the same 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.
