North Cairo Mills eyes raising profits

SectorFinancial Markets

ArabFinance: North Cairo Mills Company (NCMC) has targeted achieving a net profit of EGP 2.774 million in the fiscal year (FY) 2021/2022, according to the company’s statement released on April 4th.The listed company aims to generate sales of EGP 573.465 million in FY 2021/2022.NCMC incurred a net loss of EGP 12.556 million in the eight months ending February 2021.The company distributed annual cash dividends of EGP 0.50 per share on December 20th.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.Copyright © 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. ( more...