Cairo – Mubasher: North Cairo Flour Mills reported a 54% increase in its profits for the first four months of 2016/17, a bourse filing on Sunday revealed.

The company thus earned EGP 12.06 million in four months, compared with EGP 7.81 million for the year-ago period.

Earlier, the company targeted EGP 9.66 million during the same period with a 125% development rate.

Q1 profits rose 42% year-on-year to EGP 7.3 million from EGP 5.1 million.

The stock quote was 1.1% higher to EGP 15.13 on Sunday by 10:38am CLT.