Cairo – Mubasher: Middle Egypt Flour Mills posted a 67% year-on-year rise in its profits during the first quarter of the fiscal year 2016/2017, according to a bourse statement.
Net profits reached EGP 23.37 million in the three-month period ended 30 September 2016, compared to EGP 13.98 million in the same period of 2015.
Revenues rose 10.35% to EGP 65.8 million in the same three months of 2016, compared to EGP 59.66 million in the corresponding period of 2015.
