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North Cairo Mills sells two land pieces with buildings

North Cairo Mills sells two land pieces with buildings

ArabFinance: North Cairo Mills Company’s (MILS) extraordinary general meeting (EGM) has approved selling two pieces of lands in Cairo and their buildings, according to a filing to the Egyptian Exchange (EGX) on Wednesday.

The first piece spans 1,783.64 square meters (sqm) and located in El-Gamalya, while the second has an area of 1,417 sqm and located in El-Zaytoun.

It is worth noting that North Cairo Mills recorded a net profit after tax of EGP 4.348 million in the July-March period, compared to a net loss of EGP 12.32 million in the comparative period a year earlier.

North Cairo Flour Mills, a subsidiary of the Holding Company for Food Industries, is an Egypt-based public shareholding company engaged in the food processing industry sector.

The company is primarily involved in the processing, packaging, storing, trading, and distribution of different types of grains, grain derivatives, and substitutes.

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