Nile Consumer Complexes eyes sales of $63m in Egypt’s FY2016/17

Egypt-based Nile Consumer Complexes Company targets attaining sales volume of 1.1 billion Egyptian pounds (U$63 million) during current financial year.

Speaking to Amwal Al Ghad Monday, Chairman Adel El Khatib stated that the company plans raising its sales volume by 40 percent.

Nile company started executing its investment plan that targets pumping 50 million pounds through upgrading eight consumer complexes, the official stated, adding that the company is currently working to upgrade another 6 complexes by the end of 2016.

The plan also targets developing company’s affiliate factories and packing centres during the second half of financial year 2016-17.

On other side, Nile Consumer Complexes company has injected investments of 20 million pounds within 2015 in upgrading around 60 percent of company’s total branches.