Cairo – Mubasher: Middle Egypt Flour Mills said Sunday that its ordinary general meeting (OGM) has approved the estimated budget for fiscal year 2017/2018, according to a bourse filing.

The company had earlier said that it targets a net profit of EGP 44 million for FY17/18, and set the investment budget at EGP 44 million.

Middle Egypt Mills eyes to achieve a net profit of EGP 35.6 million in the current fiscal year with total investments worth EGP 500 million.