Middle Egypt Flour Mills’ FY 2021/2022 profits up 6.45% YoY
Updated 9/29/2022 1:07:58 PM
Arab Finance: Middle Egypt Flour Mills Company (CEFM) recorded a 6.45% year-on-year (YoY) increase in net profits for fiscal year (FY) 2021/2022, according to the financial statement filed to the Egyptian Exchange (EGX) on September 29th.
Net profit reached EGP 110.095 million in FY 2021/2022, compared to EGP 103.415 million in FY 2020/2021.
The company’s revenues stood at EGP 552.142 million in the 12-month period ended June 30th, up from EGP 540.645 million in FY 2020/2021.
Middle Egypt Flour Mills is an EGX-listed company engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grains and related products.
