South Cairo and Giza Mills' losses fall 69.5% in 9 months
Updated 4/27/2022 11:43:00 AM
ArabFinance: South Cairo and Giza Mills and Bakeries’ (SCFM) net loss after tax declined by 69.49% year-on-year (YoY) to EGP 10.035 million during the period from July 1st 2021 to March 31st 2022 from EGP 32.896 million, according to financial indicators filed to the Egyptian Exchange (EGX) on Wednesday.
The company’s sales grew to EGP 126.874 million in the July-March period from EGP 111.043 million during the corresponding period the year before.
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.
