Cairo – Mubasher: Middle and West Delta Flour Mills Co. said financial indicators showed that H1-2015/16 profits declined by 1.6% year-on-year.

The company’s six-month net profit dropped to EGP52.55 million ($6.8 million) from EGP53.4 million ($6.9 million) for the same period last year. 

As per financial statements, the company’s H1revenues amounted to EGP1.8 billion, compared to EGP2.01 billion the year earlier. 

Meanwhile, financial indicators for the first quarter of 2015/2016 reflected a profits’ decline to EGP20.43 million from EGP22.4 million.