North Cairo Mills sees 38.5% YoY profit growth in 9 months

Net profits after tax amounted to EGP 44.525 million during July-March of this FY, compared to EGP 32.156 million in the corresponding period last FY

Staff Writer, Arab Finance

May 7, 2024

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North Cairo Mills Company posted a 38.5% year-on-year (YoY) increase in net profits after tax for the first nine months of fiscal year (FY) 2023/2024, according to the firm’s financial statement.

Net profits after tax amounted to EGP 44.525 million during July-March of this FY, compared to EGP 32.156 million in the corresponding period last FY.

Meanwhile, revenues rose to EGP 966.641 million from EGP 868.832 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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