Arab Finance: North Cairo Mills Company reported a 12.03% year-on-year (YoY) surge in net profits after tax for the first half (H1) of the fiscal year (FY) 2023/2024, according to the financial statement sent to the Egyptian Exchange (EGX) on January 29^th.

The firm earned EGP 27.649 million in net profits in H1 of the current FY, compared to EGP 24.681 million in H1 of last FY.

Meanwhile, revenues surged 28.38% YoY to EGP 582.374 million from EGP 453.623 million.

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.

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