Upper Egypt Flour Mills sees higher standalone profits for FY20/21

The company generated revenues of $51.63mln

  
A man holds flour at the grain silos in Cairo, Egypt, October 4, 2017. Image used for illustrative purpose.

A man holds flour at the grain silos in Cairo, Egypt, October 4, 2017. Image used for illustrative purpose.

REUTERS/Mohamed Abd El Ghany
Cairo –  Upper Egypt Flour Mills has reported an EGP 136.574 million net profits in its standalone financials for fiscal year (FY) 2020/2021, compared to EGP 133.33 million in the previous year.

The company generated revenues of EGP 810.64 million during FY20/21, up from EGP 794.37 million in the earlier year, according to a bourse filing on Sunday.

It is noteworthy to mention that during the first nine months of fiscal year (FY) 2020/2021, the company logged standalone net profits of EGP 76.6 million, down from EGP 86.7 million in the corresponding period a year earlier.

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.

More From Equities