Cairo - Mubasher: South Cairo and Giza Flour Mills and Bakeries logged losses of EGP 1.53 million in November 2015, compared with EGP 95,000 a year earlier.
The firm attributed the increase of its losses to the rise of the cost of production on the rise of the annual expenses.
South Cairo Mills reported a decline of 95% to EGP 239,000 in net profits for the first quarter of the fiscal year 2015/16, compared with EGP 5.1 million for the similar period a year earlier.
