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Middle and West Delta Mills doubles annual earnings to EGP 73m

Middle and West Delta Mills doubles annual earnings to EGP 73m
Photo Credit: Arabianeye-Reuters

Cairo-Mubasher: Middle and West Delta Flour Mills Co. posted a 117% jump in its net earnings for the fiscal year ended 30 June compared with a year earlier.

Net earnings reached EGP 73.39 million, compared with EGP 62.59 million in 2014.

Reveues increased by 1.1% year-on-year from EGP 3.70 million to EGP 3.75 million.

Net earnings for the nine-month period ended in March 2015 declined from EGP 52.8 million to EGP 50.2 million.

The company is capitalised at EGP 75 million, divided into 7.5 million shares at a par value of EGP 10 each.