Arab Finance: South Cairo and Giza Mills and Bakeries’ (SCFM) net profits after tax declined 47% year on year (YoY) in fiscal year (FY) 2023/2024, according to the financial indicators.

The company garnered EGP 19.591 million in net profits last FY, down from EGP 42.003 million in the prior year.

Similarly, revenues dropped 89% YoY to EGP 220.668 million from EGP 246.857 million in 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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