Middle Egypt Flour Mills’ profits rise 11.25% YoY in FY2022/23

Middle Egypt Flour Mills Company’s net profits rose 11.25 percent year on year (YoY) after taxes in the fiscal year (FY) 2022/2023.

According to a bourse filing on Thursday, the company’s net profits reached 122.480 million Egyptian pounds in the FY 2022/23, up from the 110.095 million pounds the year before.

The company is an EGX-listed company which works on the manufacturing, trading, importing, exporting, packaging, warehousing, and distributing grains and related products.