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Financials & Economy
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Alexandria Flour Mills reports 11% decline in nine-month profits of fiscal year 2024/25
According to the company, the results reflect the broader economic headwinds affecting Egypt’s food and grain processing sector.
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East Delta Flour Mills sees 33% jump in 9-month net profit, sales reach nearly US$19M
Sales for the period ending March 31, 2025, also saw robust growth, climbing 21% year-on-year to EGP 599.979 million (US$ 19.4 million).
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Saudi’s Fourth Milling achieves record US$170M revenue in 2024, net profit jumps 19%
Operational profit for the full year climbed 21.1% to US$53.46 million while gross profit rose 19.7% to US$79.65 million.
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Turkish Ülker Bisküvi reports US$2.9B revenue for 2024, boosted by innovation and export growth
According to a statement submitted to the Public Disclosure Platform (KAP), the company solidified its leadership in the biscuit markets in Saudi Arabia and Egypt.
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CHS Inc. posts US$75.8 million Q2 loss on declines in energy, Ag segments
According to the company, the setback was largely driven by significantly weaker earnings in its Energy and Ag segments.