This drop was attributed to the absence of a one-off wheat trading activity in Q1 2024, the sharp devaluation of the Egyptian pound and persistent operational challenges
Compared to the company’s base in Kenya, Kigali is strategically located, and it will now act as a more accessible supply center.
The company attributed its top-line growth to a double-digit rise of 15.59% for feed sales and a solid 7.18% increase in flour sales
This installation in Algeria adds to AXOR’s impressive global footprint, with over 170 pasta production lines commissioned worldwide.
The reduction stems from improved domestic cereal production and well-managed strategic grain reserves