Cairo – The unaudited financial results of East Delta Flour Mills showed an 18.4% year-on-year (YoY) decrease in its net profits to EGP 120.49 million in fiscal year 2019/2020, compared to EGP 147.6 million.
The company’s revenues declined to EGP 500.8 million in the 12-month period ended on 30 June from EGP 546 million a year earlier, according to a bourse disclosure on Sunday.
It is worth mentioning that during the first nine months of FY19/20, the company achieved net profits of EGP 76.11 million, down from EGP 97.63 million in the prior-year period.
Source: Mubasher
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