Cairo – Mubasher: North Cairo Mills posted a 63.5% year-on-year profit retreat in the first ten months of fiscal year 2018/2019.
Net profits amounted to EGP 24.24 million from July 2018 to last April, compared to EGP 66.58 million in the year-ago period, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.
During the first nine months of FY18/19, the company’s profits recorded EGP 12.5 million from EGP 41.6 million in the same period a year earlier.
The company’s revenue went down to EGP 548.4 million during from July 2018 to last March, compared to EGP 574.96 million in the year-ago period.
