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 year ended 30 June 2016.
The company said its losses widened on the slowdown of its revenues by EGP 2.4 million in addition to additional wage cost of EGP 262,500.
