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National Maize Products posts 21% profit rise in 9M

National Maize Products posts 21% profit rise in 9M
The board of National Company for Maize Products (NCMP) has endorsed financial highlights for the nine-month period that ended on September 30, 2014, showing net profit of EGP 73.6 million, with 20.64% growth compared with EGP 60.9 million net profit in the same period a year earlier.
Thus, earnings per share (EPS) rose from EGP 1.74 to EGP 2.09.
Financial highlights for the six-month period that ended on June 30, 2014 had mirrored EGP 41.4 million net profit, with an increase by 10.5% compared with EGP 37.5 million net profit in the same period a year earlier. Earnings per share rose from EGP 1.09 to EGP 1.2.
The company also recorded EGP 491.4 million total revenues by June-end, compared with EGP 469.6 million in the year-ago period.
NCMP had posted EGP 24.019 million net profit in Q1-14, rising 20% y/y from EGP 20.001 million.