Arab Finance: The net profits after tax of North Cairo Mills Company dropped by 12.73% year on year (YoY) in the first half (H1) of fiscal year (FY) 2024/2025, according to the financial results.
The net profits retreated to EGP 24.12 million in H1 FY2024/25 from EGP 27.64 million in H1 FY2023/24.
North Cairo Mills reported sales valued at EGP 554.18 million at the end of December 2024, down YoY from EGP 582.37 million.
Furthermore, the earnings per share (EPS) fell to EGP 1.83 in H1 FY2024/25 from EGP 2.12 a year earlier.
In the first quarter of FY 2024/25, the company recorded 42.3% YoY higher net profits at EGP 10.409 million, versus EGP 7.316 million.