Cairo – Mubasher: North Cairo Flour Mills reported a 37.5% decline in its annual profits for the fiscal year 2015/16, according to the audited financial results.

The company earned EGP 20.04 in 2015/16, compared with EGP 32.08 million a year earlier, a bourse statement indicated on Thursday.

The suggested cash dividend distribution for 2015/16 is EGP 1 per share, totaling EGP 10.7 million, compared with EGP 17.12 million for 2014/15, the statement revealed.

In the first nine months, the company registered EGP 13.28 million profits ($1.5 million).

The stock quote was placed at EGP 13.56 on Wednesday with a 1.27% rise.