Upper Egypt Mills records 2% YoY consolidated profit increase in FY 2021/2022
Updated 9/26/2022 10:21:15 AM
Arab Finance: Upper Egypt Mills Company (UEFM) reported a 2.05% year-on-year (YoY) increase in consolidated net profit after tax for fiscal year (FY) 2021/2022, according to the consolidated statement filed to the Egyptian Exchange (EGX) on September 26th.
The company recorded a net profit after tax of EGP 150.14 million in FY 2021/2022, compared to EGP 147.11 million in FY 2020/2021.
Total operating revenues amounted to EGP 1.52 billion in the 12-month period ended June 30th, up from EGP 1.17 billion in the FY before.
Upper Egypt Mills is an Egypt-based company that operates in the manufacturing, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives.
