Cairo – Mubasher: The unaudited financial indicators of Middle and West Delta Flour Mills revealed a 39.4% year-on-year profit decline during fiscal year 2018/2019.

Net profits amounted to EGP 176.13 million in the 12-month period ended 30 June, compared to EGP 290.77 million in FY17/18, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.

Meanwhile, revenues dropped to EGP 1.11 billion in FY18/19 from EGP 1.45 billion in the prior year.

During the first nine months of FY18/19, the company’s profits retreated to EGP 116.06 million, compared to EGP 128.54 million in the year-ago period.