Cairo – Mubasher: North Cairo Mills revealed on Thursday that the net profit of the first quarter of fiscal year 2019/2020 plunged by 83% year-on-year.
The profit before tax reached EGP 1.16 million during the three-month period ended September 2019, down from EGP 7.08 million a year earlier, according to a bourse statement on Thursday.
Revenues decreased to EGP 143.5 million in Q1-19/20, versus EGP 173.7 million over Q1-18/19.
As for FY18/19, North Cairo Mills posted a 61.3% year-on-year profit retreat at EGP 20.71 million from EGP 53.6 million in the year-ago period.
