North Cairo Mills posts 39% YoY profit increase in Q1 FY2023/24

Updated 11/12/2023 10:39:00 AM
North Cairo Mills posts 39% YoY profit increase in Q1 FY2023/24

Arab Finance: North Cairo Mills Company posted a 39.4% year-on-year (YoY) surge in net profits after tax for the first quarter (Q1) of fiscal year (FY) 2023/2024, according to the financial statement sent to the Egyptian Exchange (EGX) on November 12th.

Net profits after tax logged EGP 7.316 million in Q1 of the current FY, versus EGP 5.249 million in Q1 of last FY.

Meanwhile, revenues surged to EGP 299.424 million from EGP 156.15 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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