Cairo – Mubasher: Middle Egypt Flour Mills’ net profit for 2015/16 rose 40% year-on-year to EGP 60.3 million ($6.7 million) from EGP 43.1 million ($4.85 million).
Revenues also increased 25% year-over-year to EGP 2.6 billion from EGP 2.08 billion.
Net profit after tax reached EGP 54.85 million ($6.12 million) during July-May 2015/16.
Yesterday, the stock quote closed 4.95% higher to EGP 13.82 with 147.85 million shares changing hands at EGP 2.04 million.
