Cairo – Mubasher: Alexandria Flour Mills on Wednesday posted a 63% year-on-year rise in profits for fiscal year 2016/2017 due to an increase in its revenues.
The EGX-listed firm achieved profits of EGP 59.6 million in the fiscal year ended June 2017 from EGP 36.6 million in the corresponding period in 2017, Alexandria Mills said in a statement to the Egyptian Exchange (EGX).
Revenues rose to EGP 1.21 billion in FY16/17, versus revenues of EGP 1.19 billion in the previous fiscal year.
Alexandria Mills’ profits amounted to EGP 22.18 million in the three months ended March 2017, compared to EGP 11.08 million in the prior-year period.
