ArabFinance:  South Cairo and Giza Mills and Bakeries suffered a 25% Year on Year decline in its net loss for the fiscal year (FY) 2019/2020, according to the company's amended financial results filed to the Egyptian Exchange.

Net loss reached EGP 34.366 million in FY 2019/2020, compared to EGP 45.614 million incurred a year earlier.

In November 2020, the company suffered a net loss of EGP 5.353 million, an 18% decline from EGP 4.538 incurred in November 2019.

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