After announcing the financial results for 5 months.. “Egypt Flour Mills” shares rose 0.46%

The shares of the Middle Egypt Flour Mills Company, listed and traded on the Egyptian Stock Exchange, rose by 0.46% at the beginning of trading today, Thursday, to trade at a price of 49.98 pounds per share, after the company announced an increase in its profit results during the first five months of the fiscal year 2024.

Trading in Middle Egypt Mills shares occurred at that time, through 4 trading operations, 1.03 thousand shares, with a trading value of 50.4686 thousand pounds.

The highest share price at that time was 49.98 pounds per share, while the lowest share price was 48.88 pounds per share.

The Board of Directors of the Middle Egypt Flour Mills Company announced an increase in net profits during the first five months of the fiscal year 2024, with a growth rate of 6%, compared to the same period of the previous fiscal year.

The company announced that it achieved net profits worth 44.24 million pounds during the period from July to November 2024, compared to 41.8 million pounds in the same period of 2023.

The data also showed that the company achieved net profits amounting to 37.1 million pounds during the period from July to October 2024, compared to 34.79 million pounds in the corresponding period of the previous fiscal year, recording a growth of 7% on an annual basis.

In the period from July to September 2024, the company’s net profits amounted to 31.14 million pounds, compared to 28.8 million pounds in the corresponding quarter of the fiscal year 2023.

On the other hand, the company’s revenues witnessed a noticeable increase during the first quarter of the fiscal year 2024, reaching 182.58 million pounds, compared to 143.34 million pounds in the comparative quarter of the previous fiscal year.

Middle Egypt Mills is one of the public companies listed on the Egyptian Stock Exchange since March 1996. The company works in the food and beverage industry, with a special focus on canned food products and meat.

In addition, the company has expanded its activity to include investment in the real estate sector.