The board of North Cairo Flour Mills and Bakeries ratified financial results for the fiscal year that ended on June 30, 2014, which mirrored a 30% rise in net profit to EGP 48.8 million, compared with EGP 37.6 million a year earlier.
Financial results for the 11-month period that ended on May 31, 2014 had shown that the company posted EGP 57.3 million net profit, with 26% growth compared with EGP 45.9 million in the same period a year earlier.
Financial results for the nine-month period that ended on March 31, 2014 had reflected 39% rise in net profit to EGP 36.4 million, compared with EGP 26.2 million in the year-ago period.