Cairo - -Mubasher: South Cairo and Giza Flour Mills and Bakeries reported net profits of EGP 1.157 million for October 2016, up from EGP 59,000 for the same period a year earlier.

The company reported earlier, net profits of EGP 6.1 million for the first quarter of the fiscal year 2016/2017 compared with EGP 239,000 for the similar period of the previous year.

The company also reported its adjusted financial statements for FY16/17, which reflected net losses of EGP 17.6 million.