Upper Egypt Mills’ standalone profits up 20% YoY in FY2023/24

Updated 7/31/2024 11:00:00 AM
Upper Egypt Mills’ standalone profits up 20% YoY in FY2023/24

Arab Finance: Upper Egypt Mills Company (UEFM) reported a 20.4% year-on-year (YoY) surge in standalone net profits after tax in the fiscal year (FY) 2023/2024, according to the financial indicators.

Standalone net profits came in at EGP 186.077 million last FY, versus EGP 154.548 million the year before.

Meanwhile, operating revenues climbed to EGP 1.329 billion from EGP 1.219 billion.

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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