Cairo – Mubasher: The unaudited financial results of Middle and West Delta Flour Mills reported net profits of EGP 146.44 million during fiscal year 2019/2020, down by 24.8% year-on-year (YoY) from EGP 194.79 million.

The company’s sales declined to EGP 1.09 billion during the 12-month period ended on 30 June, compared to EGP 1.13 billion a year earlier, according to a bourse disclosure on Monday.

It is worth mentioning that during the first nine months of FY19/20, the company achieved net profits of EGP 113.79 million, slightly down from EGP 116.06 million in the corresponding period a year earlier.