ArabFinance: The board of directors of South Cairo and Giza Mills and Bakeries (SCFM) has endorsed the estimated budget for fiscal year (FY) 2022/2023, according to a statement filed to the Egyptian Exchange (EGX) on April 11th.

As per the FY 2022/2023 estimated budget, the company targets achieving a net profit after tax of EGP 10.642 million.

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.