Cairo – Mubasher: East Delta Flour Mills (EDFM) has announced the appointment of a new chairman.

The new chairman, Magdy Al Shater, will succeed Mohamed Abdul Hamid El Feqi, according to a bourse statement released on Thursday.

East Delta Mills’ net profit after taxes registered EGP 97.64 million in the first nine months of the fiscal year 2018/2019, compared to EGP 89.66 million in the year-ago period.