Cairo – Mubasher: The unaudited standalone financial results of Upper Egypt Flour Mills showed net profits of EGP 132.77 million during fiscal year 2019/2020, down by 16.8% year-on-year (YoY) from EGP 159.4 million.

The company’s revenues increased to EGP 797.04 million in the 12-month period ended on 30 June from EGP 781.8 million 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 reported consolidated net profits of EGP 96.03 million, down from EGP 118.82 million in the year-ago period.