Upper Egypt Flour Mills posted EGP 77.9 million consolidated net earnings for the fiscal year 2013/2014, with a rise by 23.4% compared with EGP 63.1 million net profit a year earlier.
Non-consolidated financial results for the same year showed EGP 65.6 million net profit, compared with EGP 47.2 million net profit in FY12/13.
The company’s financial statements for the first nine months of FY13/14 had reflected EGP 73.228 million net profit , marking a surge by a round 95.49% from EGP 37.458 million in the same period a year earlier.
The company posted EGP 56.68 million in H1-FY13/14, compared with EGP 30.71 million net profit reported in the same period a year earlier.