Cairo - Mubasher: Alexandria Flour Mills Company (AFMC) has reported a rise in profits by 77% year-on-year on the back of a growth in sales, as shown by the company’s financial indicators.
The company said in a statement to the Egyptian Exchange (EGX) on Sunday that profits reached EGP 64.8 million between July 2016 and July 2017, compared to EGP 36.6 million for the previous fiscal year.
Sales also increased to EGP 1.2 billion in FY16/17, up from EGP 1.1 billion in the year before.
