Financials & Economy

UEFM is one of Egypt’s key grain processors, specializing in milling both local and imported wheat.

According to the auditor general, the firm is on the brink of collapse following years of debt owed by its primary customer, the Rwandan government.

While its second-quarter net income dropped compared to last year, The Andersons is looking to grow earnings through investment in ethanol.

Revenues also were lower in the period, slipping 5% to US$21.17 billion from US$22.25 billion.

The 6.7% rise was largely attributed to recent acquisitions that enhanced the company’s operational scale and market reach.