Cairo – Mubasher: Upper Egypt Flour Mills’ consolidated financial statements for the first half of fiscal year 2016/2017 showed a rise of 41.3% in net profits to EGP 93.87 million, versus EGP 66.45 million for H1-15/16.
Consolidated revenues for H1-16/17 amounted to EGP 1.6 billion, compared to EGP 1.4 billion for H1-15/16, according to a bourse statement released on Thursday.
Standalone net profits increased in the second quarter of FY16/17 by 44.46% to EGP 44.38 million.
