Cairo - Mubasher: South Cairo and Giza Flour Mills and Bakeries reported net losses of EGP 54.21 million in fiscal year (FY) 2020/2021, up by 57.77% year-on-year (YoY) from EGP 34.36 million.
The revenues declined to EGP 141.97 million in the year ended 30 June, compared to EGP 202.06 million a year earlier, the company said in a bourse disclosure on Wednesday.
The company ascribed its losses to the drop in the volume of ground wheat and the increase in operating expenses.
Source: Mubasher
All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
