Arab Finance: South Cairo and Giza Mills and Bakeries (SCFM) posted a net profit after tax of EGP 33.355 million during the first nine months of the fiscal year (FY) 2023/2024, compared to EGP 19.067 million, with an annual growth rate of 175%, according to financial indicators filed to the Egyptian Exchange (EGX) on April 28^th.

The company's revenues increased by 97% during the first nine months of the current FY to record EGP 168.892 million, compared to EGP 173.990 million during the first nine months of FY 2022/23.

South Cairo and Giza Mills is an Egypt-based joint-stock milling company engaged in the processing, trading, importing and exporting, packaging, warehousing, and distributing of grains and their related products. Its product portfolio includes flour, pasta, bakery products, and fodder.

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