South Cairo, Giza Mills loss reaches EGP 3.5M
Updated 6/21/2021 10:42:00 AM
ArabFinance: South Cairo and Giza Mills and Bakeries (SCFM) reported a net loss of EGP 3.479 million in May 2021, according to the company’s financial statements filed to the Egyptian Exchange.
In May 2020, South Cairo incurred a net loss of EGP 3.177 million.
The listed company posted a net loss of EGP 3.458 million in April 2021.
SCFM offered a public tender for property and liability insurance in order to insure its fixed and current assets in the fiscal year 2021/2022.
South Cairo and Giza Mills, a subsidiary of the Holding Company for Food Industries, is an Egypt-based joint-stock milling company engaged in the processing, trading, importing and exporting, packaging, warehousing, and distributing grains and its related products. Its product portfolio includes flour, pasta, bakery products, and fodder.
