The targeted revenues for the FY2020/2021 are amounting to EGP 683.067 million compared to EGP 958.744 million targeted in FY2019/2020, the filing added.
In FY 2019/2020, the company eyed a net surplus of EGP 17.700 million.
In the first ten months of FY2019/2020, the company posted a net profit EGP 12.300 million, a 49% decrease from EGP 24.247 million achieved in the prior-year period.
Middle Egypt Flour Mill, a member of the Holding Company for Food Industries, is an Egypt -based milling company engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grains and related products. The company also produces pasta, dough, fodder, yeast, and other related foodstuffs.
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