Cairo - Mubasher: Alexandria Flour Mills reported an increase in profits by 100% year-on-year in the third quarter of fiscal year 2016/2017, as shown by the company’s financial indicators.

Profits reached EGP 22.18 million in Q3-FY16/17 compared to EGP 11.08 million in the same period last year, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

During the nine-month period that ended on 31 March 2017 revenues grew 51% to EGP 46.56 million up from EGP 30.9 million in the same period the year before.