South Cairo and Giza Flour Mills and Bakeries (SCFM)

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News

13 January 12:38 PM South Cairo and Giza Mills sells asset for EGP 17m

Cairo - Mubasher: South Cairo and Giza Mills and Bakeries Company has sold its Bahbah plant, including the land plot and buildings, for EGP 11,000 per square meter (sqm) through an auction. The company sold the asset which spans an area of 1,554 …

Corporate Actions

31 January 2022 07:48 PM South Cairo Mills' losses retreat 15% in H1-21/22

Cairo - Mubasher: South Cairo and Giza Flour Mills and Bakeries incurred net losses after tax of EGP 19.15 million in the first half (H1) of fiscal year (FY) 2021/2022, down by 15.15% year-on-year (YoY) from EGP 22.57 million, the company's …

Financial Results

24 October 2021 01:02 PM South Cairo Mills records 15% higher loss in Q1-21/22 initial financials

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries incurred net losses of EGP 10.57 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, up by 15.1% year-on-year (YoY) from EGP 9.18 million, the unaudited financial results …

Financial Results

16 September 2021 00:36 PM South Cairo Mills posts 73% loss increase in FY20/21

Cairo - Mubasher: South Cairo and Giza Flour Mills and Bakeries incurred net losses of EGP 59.44 million in fiscal year (FY) 2020/2021, up by 72.99% year-on-year (YoY) from EGP 34.36 million.  The revenues retreated to EGP 147.77 million in the …

Financial Results

28 July 2021 10:17 AM South Cairo Mills reports 58% higher loss in initial FY20/21 financials

Cairo - Mubasher: South Cairo and Giza Flour Mills and Bakeries reported net losses of EGP 54.21 million in fiscal year (FY) 2020/2021, up by 57.77% year-on-year (YoY) from EGP 34.36 million, the unaudited financial results showed.  The revenues …

Financial Results

16 July 2020 00:38 PM South Cairo Mills posts 32% lower loss in FY19/20 initial results

Cairo – Mubasher: The unaudited financial results of South Cairo and Giza Flour Mills and Bakeries reported net losses of EGP 31.1 million during fiscal year 2019/2020, down by 32% year-on-year (YoY) from EGP 45.6 million. The company’s revenues …

Financial Results

5 November 2019 02:30 PM South Cairo Mills swings to loss in FY18/19

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries announced turning to losses during fiscal year 2018/2019, according to the company’s adjusted financial statements. The company suffered net losses of EGP 45.61 million in the …

Financial Results

30 October 2019 00:48 PM South Cairo Mills incurs EGP 8m losses in Q1-19/20

Cairo – Mubasher: The financial indicators of South Cairo and Giza Flour Mills and Bakeries revealed a 2,239% year-on-year rise in losses over the first quarter of the fiscal year 2019/2020. The losses totalled EGP 8.3 million during the …

Financial Results

28 October 2019 01:45 PM South Cairo Mills' losses deepen to EGP 45.6m in FY18/19 adjusted financials

Cairo – Mubasher: The ordinary general meeting (OGM) of South Cairo and Giza Flour Mills and Bakeries decided to pay remuneration worth EGP 17.4 million to the firm’s board and employees for the fiscal year 2018/2019.   Accordingly, the losses …

Company News

16 September 2019 10:56 AM South Cairo Mills’ FY18/19 adjusted financials show EGP 28m loss

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries (SCFM) announced turning to losses during fiscal year 2018/2019, according to the company’s adjusted financial results. The company incurred losses of EGP 28.21 million in the …

Financial Results

22 July 2019 11:24 AM South Cairo Mills turns into losses in FY18/19

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries (SCFM) has turned into losses during fiscal year 2018/2019, dragged by higher operating costs, the company’s board of directors announced. The company suffered net losses of EGP …

Financial Results

30 April 2019 03:24 PM South Cairo Mills turns to losses in 9M

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries (SCFM) has succumbed to losses during the first nine months of fiscal year 2018/2019.  The company reported EGP 25.10 million in net losses from July 2018 to last March, against a …

Financial Results

24 July 2017 01:16 PM South Cairo Mills turns to profitability in 2016/2017

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries (SCFM) on Monday reported turning to profitability in the fiscal year ended June 2017 due to a rise in revenues, according to a bourse filing. The firm achieved profits of EGP 50.41 …

Financial Results

22 June 2017 10:45 AM South Cairo Mills profits soar 563% in May

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries said Thursday that is profits rose 562.5% year-on-year in May 2017. Profits reached EGP 10.6 million in May 2017, compared to EGP 1.6 million in May 2016, according to a bourse …

Financial Results

28 May 2017 10:08 AM South Cairo Mills OGM adopts FY17/18 budget

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries’ ordinary general meeting (OGM) has approved the budget draft for fiscal year 2017/2018. The company targets profits worth EGP 17.23 million for FY17/18, compared to an estimated …

Corporate Actions

2 May 2017 01:59 PM South Cairo Mills turns to profits in 9M

Cairo - Mubasher: South Cairo and Giza Flour Mills and Bakeries (SCFM) reported profits of EGP 24.25 million in the nine-month period that ended on 31 March 2017 versus losses of EGP 14.7 million during the same period in the year before. The …

Financial Results

3 April 2017 10:00 AM South Cairo Mills eyes 538% growth in FY17/18 profits

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries said Monday that it targets a rise of 538% in the company’s profits for fiscal year 2017/2018 to EGP 17.23 million, compared to an estimated profit of EGP 2.7 million for FY16/17. The …

Financial Results

30 March 2017 11:10 AM SCFM turns to profitability in February

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries' (SCFM) financial indicators showed a shift to profitability during February 2017 and on an annual basis. The Egyptian company achieved a surplus of EGP 5.03 million in February, …

Financial Results

1 March 2017 09:32 AM South Cairo Mills turns profitable in January

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries Company’s profits for January reached EGP 4.51 million, against losses worth EGP 2.95 million in January 2015, according to a bourse statement released on Wednesday. The company …

Financial Results

26 January 2017 11:12 AM South Cairo Mills turns profitable in Q2

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries profits for the second quarter of the fiscal year 2016-2017 reached EGP 3.5 million, compared to losses of EGP 10.5 million for Q2-15/16. In the first half of fiscal 2016/17, profits …

Financial Results

2 January 2017 09:45 AM South Cairo mills turns profitable in Nov

Cairo – Mubasher: South Cairo and Giza Flour Mills said it turned to profitability at last November, when it posted net profits of EGP 1.12 million. The company suffered losses of EGP 1.5 million at the same month of 2015. The company also …

Financial Results

24 November 2016 09:56 AM South Cairo Mills posts EGP 1.157m profits in October

Cairo - -Mubasher: South Cairo and Giza Flour Mills and Bakeries reported net profits of EGP 1.157 million for October 2016, up from EGP 59,000 for the same period a year earlier. The company reported earlier, net profits of EGP 6.1 million for …

Financial Results

1 November 2016 01:35 PM South Cairo Mills amended financials reflect EGP17.6m losses for FY15/16

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries said its ordinary general meeting approved the amended financial statements for the fiscal year 2015/16. The amended financials reflected losses of EGP 17.6 million for the fiscal …

Financial Results

27 October 2016 00:58 PM South Cairo Mills posts EGP 6.1m in Q1

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries reported an increase of 2453% in net profits for the first quarter of the fiscal year 2016/17. The company posted net profits of EGP 6.1 million in Q1-FY16/17, up from EGP 239,000 a …

Financial Results

3 October 2016 11:17 AM South Cairo Flour to use legal reserve to cover losses

Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries’ board of directors has decided to amend the company’s statute to allow it to utilise the legal reserve in covering losses. The board noted that the company made a surplus of EGP 2 …

Management Decisions