Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries turned to losses during the fiscal year 2015-2016.
Net losses reached EGP 14.9 million during the period ended in July, compared to net profits after taxes of EGP 9.2 million during FY 2014-2015.
The company achieved EGP 14.708 million losses in the first nine months of 2016.