North Cairo Mills mulls EGP 726.8M revenue in FY 2022/2023
Updated 3/29/2022 12:55:00 PM
ArabFinance: North Cairo Mills Company (MILS) is seeking to generate EGP 726.833 million in revenue during the fiscal year (FY) 2022/2023, according to a filing to the Egyptian Exchange (EGX) on Tuesday.
The company is targeting a surplus of EGP 18.568 million in FY 2022/2023.
Moreover, North Cairo Mills is planning to invest EGP 20 million in FY 2022/2023 to rehabilitate production units to upgrade production lines and boost quality.
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.
