National Company for Maize Products’ net profits declined by 90% in the first quarter of 2014 to reach EGP 2.4 million against EGP 24 million for the same period of the previous year.

Meanwhile, the company posted net profits of EGP 83.8 million for 2014, down by 7.1% from 2013.

The company is capitalised at EGP 295.1 million, distributed across 29.5 million shares at EGP 10 par value each.