Middle Egypt Flour Mills logs EGP 27.4M profit in 3 months
Updated 10/30/2022 3:20:36 PM
Arab Finance: Middle Egypt Flour Mills Company (CEFM) recorded a 5.69% year-on-year (YoY) increase in net profit after tax for the first quarter (Q1) of fiscal year (FY) 2022/2023, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on October 30th.
Net profit reached EGP 27.44 million in Q1 FY 2022/2023, compared to EGP 25.96 million in Q1 FY 2021/2022.
The company’s revenues stood at EGP 133.92 million in the three-month period ended September 30th, up by 7.22% from EGP 124.90 million in Q1 FY 2021/2022.
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.
