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Alexandria Flour Mills’ profits hike 26.9% YoY in 9 months

Net profit after tax grew to EGP 31.017 million in the nine-month period ended March 31st from EGP 24.434 million in the same period of FY 21/22.
13.05.23 | Source: Zawya

Alexandria Flour Mills (AFMC) posted a 26.94% year-on-year (YoY) surge in net profit after tax for the first nine months of fiscal year (FY) 2022/2023, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX) on May 11th.


Net profit after tax grew to EGP 31.017 million in the nine-month period ended March 31st from EGP 24.434 million in the same period of FY 2021/2022.


The company generated revenues of EGP 186.863 million during the first nine months of the current FY, up from EGP 153.408 million.


Alexandria Flour Mills is an Egypt-based company that operates in the manufacture, trade, import and export, storage, fumigation and maintenance, packaging, processing, and distribution of grain and its substitutes.

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