Cairo – Mubasher: Middle Egypt Flour Mills on Thursday posted a rise of 146% in profits for the first nine months of fiscal year 2016/2017 to EGP 91.7 million, compared to EGP 37.24 million for the same period of FY15/16.

Revenues for the first nine months of FY16/17 increased to EGP 2.4 billion from EGP 1.9 billion for the same period last year, according to a bourse filing.

The company had earlier reported a net profit of EGP 51.34 million for the first half of FY16/17.

By 10:10 am Cairo time, the stock rose 3.4% to EGP 38.