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MarketScreener Homepage  >  Equities  >  Egyptian Exchange  >  Middle Egypt Flour Mills    CEFM   EGS30401C011

MIDDLE EGYPT FLOUR MILLS

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Middle Egypt Flour Mills : Mills eyes EGP 52.5m profit in FY19/20

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04/16/2019 | 02:41pm EDT

The company expects a surplus worth EGP 52.5 million in FY19/20

Middle Egypt Flour MillsCEFM

0.00% 36.94 0.00

Cairo – Mubasher: Middle Egypt Flour Mills on Tuesday announced that the company’s board has approved the estimated budget for fiscal year 2019/2020, according to a statement to the Egypt Exchange (EGX).

The company expects a surplus worth EGP 52.5 million in FY19/20, down 22.47% from an expected profit of EGP 67.72 million this year.

Middle Egypt Mills noted that it eyes revenues of EGP 953.7 million in the coming fiscal year, against EGP 1.01 billion in FY 18/19.

The Egyptian firm, which is a subsidiary of the Holding Company for Food Industries, seeks to invest EGP 72 million this year.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Managers
NameTitle
Mohammed Mahmoud Ahmed Hassan El-Gabaly Chairman & Managing Director
Khalid Mohammed Qarni Head-Finance
Yehya Taha Al-Sodouri Head-Technical Sector
Osama Hussein Ahmed Eid Executive Director & Managing Director-Finance
Mohammad Atef Ibrahim Non-Executive Director
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