Cairo – Mubasher: The unaudited financial results of Middle and West Delta Flour Mills showed a slight decline of 1.9% in its net profits during the first nine months of fiscal year 2019/2020.
The company’s net profits went down to EGP 113.79 million from July 2019 to last March, compared to EGP 116.06 million in the corresponding period a year earlier, according to a statement to the Egyptian Exchange (EGX) on Wednesday.
Meanwhile, the company’s revenues fell to EGP 810.2 million in the nine-month period ended 31 March from EGP 832.82 million in the prior-year period.
It is worth mentioning that during the first half of FY19/20, the company’s net profit tumbled to EGP 75.12 million from EGP 86.28 million in the year-ago period.
