Cairo - Mubasher: The financial indicators of North Cairo Flour Mills showed a surge in profits by 143.2% year-on-year during the first eight months of fiscal year 2016/2017.

Profits reached EGP 34.3 million in the eight-month period between July 2016 and February 2017, compared to EGP 14.1 million for the same period last year, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

The company said that the growth in profits were 178% higher than targeted, as the company expected profits of EGP 19.3 million.