Upper Egypt Mills’s profits grow 38% YoY in 9 months

Updated 5/15/2024 9:55:00 AM
Upper Egypt Mills’s profits grow 38% YoY in 9 months

Arab Finance: Upper Egypt Mills Company (UEFM) reported a 38.1% year-on-year (YoY) surge in standalone net profits after tax in the first nine months of fiscal year (FY) 2023/2024, according to a disclosure on May 15th.

Standalone net profits came in at EGP 128.496 million in the July-March period this FY, versus EGP 93.016 million in the corresponding period last FY.

Meanwhile, total operating revenues climbed to EGP 899.426 million from EGP 813.482 million.

Upper Egypt Mills is primarily involved in the manufacturing, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives.

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