Cairo – Mubasher: Middle and West Delta Flour Mills said it finished the development works of Shebin El Koom mill for EGP 18 million.
The firm pointed out that the estimated cost for developing the mill was set at EGP 90 million, but the company was able to save nearly EGP 72 million due to resorting to local companies through the developing process.
Following this development process, the mill production capacity increased to 300 tons per day, said a bourse filling.
The company reported an increase of 49% to EGP 121.7 million in net profits for the fiscal year 2015 – 2016.
