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Egyptian pound banknotes sit on a table on March 6, 2024 in Cairo, after Egypt's central bank announced it will allow the exchange rate to be set by the market. Egypt's central bank announced on March 6 it will allow the exchange rate to be set by the market, causing the pound to lose more than a third of its value within minutes. Shortly after 12:00 pm (1000 GMT), the Egyptian pound was trading at a record high of 49.15 pounds to the US dollar, after more than a year of a stabilised official exchange rate of around 30.9. (Photo by Khaled DESOUKI / AFP)
North Cairo Mills Company posted a 42.3% year-on-year (YoY) surge in net profits after tax for the first quarter (Q1) of fiscal year (FY) 2024/2025, according to a filing.
Net profits after tax logged EGP 10.409 million in Q1 of the current FY, versus EGP 7.316 million in Q1 of last FY.
Meanwhile, revenues slipped to EGP 297.794 million from EGP 299.242 million.
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.
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