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Middle Egypt Mills records EGP 93.9m profits in 9M

Middle Egypt Mills records EGP 93.9m profits in 9M
The company’s sales declined to EGP 933 million
Middle Egypt Flour Mills
CEFM
-0.54% 25.95 -0.14

Cairo – Mubasher: Middle Egypt Flour Mills achieved a slight increase in profits to EGP 93.9 million during the nine months from July 2018 to March 2019, compared to EGP 93.4 million in the corresponding period a year ago.

The company’s sales declined to EGP 933 million during the nine months ended in March 2019 from EGP 1.3 billion in the same period last year, according to a bourse statement to the Egyptian Exchange (EGX) on Tuesday.

It is noteworthy that Middle Egypt Mills posted a net profit of EGP 73.03 million from July 2018 to January 2019, compared to EGP 72.93 million in the same period a year ago.