Alexandria Flour Mills’ profit grows 47.8% in 3 months
Updated 10/30/2022 2:26:00 PM
Arab Finance: Alexandria Flour Mills (AFMC) posted a 47.8% year-on-year (YoY) growth in net profit for the first quarter of fiscal year (FY) 2022/2023, according to the company’s unaudited financial income statement filed to the Egyptian Exchange (EGX) on October 30th.
Net profit after tax grew to EGP 8.417 million in the three-month period ended September 30th 2022 from EGP 5.695 million in the same period of FY 2021/2022.
The company generated revenues of EGP 56.71 million in Q1 FY 2022/2023, up from EGP 46.14 million in the Q1 FY 2021/2022.
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.
