Upper Egypt Flour Mills reports $5.93mln consolidated profit in 9 months

The company’s revenues slumped to $51.91mln


Cairo –  Upper Egypt Flour Mills reported consolidated net profits of EGP 96.03 million in the first nine months of fiscal year 2019/2020, down by 19.18% from EGP 118.82 million in the year-ago period.

Th company’s revenues slumped to EGP 840.28 million in the nine-month period ended on 31 March from EGP 882.12 million in the corresponding period a year earlier, according to a bourse disclosure on Tuesday.

As for standalone financials, the company previously posted net profits of EGP 86.7 million from July 2019 until the end of last March, compared to EGP 107.7 million in the prior-year period.

Source: Mubasher

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