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 company set the investment budget for the next fiscal year at EGP 50.5 million, according to a bourse filing
Net profit after tax for FY17/18 is targeted at EGP 2.7 million.
The stock rose on Sunday by 5.61% to EGP 19.19.
