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Middle Egypt Flour Mills posts higher profits in 10M

Middle Egypt Flour Mills posts higher profits in 10M
Total executed investment projects reached EGP 29.52 million till the end of April 2016 (Photo Credit: Arabianeye-Reuters)

Cairo-Mubasher: Middle Egypt Flour Mills posted a 3.4% rise in its profits during the ten months from July to April of the fiscal year 2015/2016, according to a bourse statement.

Net profits after profits reached EGP 44.47 million ($4.99 million) in the ten-month period of FY15/16, compared to EGP 43 million ($4.8 million) in the prior-year period.

Total executed investment projects reached EGP 29.52 million till the end of April 2016, representing 61% of the EGP 48.4 million investments approved in the current fiscal year.