Cairo – Mubasher: Middle Egypt Flour Mills reported a 23.3% year-on-year (YoY) decline in its net profits, logging EGP 98.6 million in fiscal year 2019/2020, compared to EGP 128.68 million.
In the addition, the company’s revenues retreated to EGP 550.469 million in the year ended 30 June from EGP 576.56 million a year earlier, according to a bourse disclosure on Tuesday.
During the first 11 months of FY19/20, the company achieved net profits of EGP 90.18 million, down from EGP 123.85 million in the year-ago period.
