Cairo – Mubasher: Upper Egypt Flour Mills said Thursday that it plans to raise its profits for fiscal year 2017/2018 by 10.5% to EGP 56.57 million, versus an estimated profit of EGP 51.15 million for the current fiscal year.
The company targets a surplus before taxes of EGP 73 million in FY17/18, according to a bourse filing.
The company’s board set the investment budget for FY17/18 at EGP 35 million.
