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Delta Flour Mills sees higher Q4 profits

Delta Flour Mills sees higher Q4 profits
The company’s fiscal year starts on the first of July - Photo Credit: Reuters

Cairo – Mubasher: Middle and West Delta Flour Mills earned EGP 54.68 million ($6.14 million) during the fourth quarter of 2015/16, higher 73.6% from EGP 30.5 million ($3.54 million) for the year-ago quarter, according to a bourse filing.

Over the fiscal year 2015/16, the company registered EGP 121.78 million profits, compared with EGP 81.7 million profits registered a year earlier.

Sales reached EGP 370.4 million in the same fiscal year versus EGP 377.4 million in the fiscal year 2014/15.

The company’s fiscal year starts on the first of July.