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North Cairo Mills profits rise 172% in 10M

North Cairo Mills profits rise 172% in 10M
Net profit for the first 10 months of FY16/17 reached EGP 50.44 million
North Cairo Mills
MILS
0.00% 58.30 0.00

Cairo – Mubasher: North Cairo Flour Mills posted on Sunday a year-on-year growth of 172% in its profits for the first ten months of fiscal year 2016/2017.

Net profit for the first ten months of FY16/17 reached EGP 50.44 million, compared to EGP 18.55 million for the previous year, according to a bourse filing.

The company had earlier said that it plans to achieve a net profit of EGP 28.1 million in FY17/18.