Middle Egypt Flour Mills profit increases

Middle Egypt Flour Mills Company (CEFM) posted a slight year-on-year increase in its net profit in July-February 2021

  

ArabFinance:Middle Egypt Flour Mills Company (CEFM) posted a slight year-on-year increase in its net profit in July-February 2021, according to the company’s financial statements filed to the Egyptian Exchange.

Net profit reached EGP 65.215 million during the seven-month period ended January 2021, compared to EGP 64.382million achieved in the prior-year period.

The company achieved a net profit of EGP 47.501 million in July-December 2020.

The listed firm, a member of the Holding Company for Food Industries, is engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grains and related products.

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