Cairo – Mubasher: South Cairo and Giza Flour Mills and Bakeries reported an increase of 2453% in net profits for the first quarter of the fiscal year 2016/17.
The company posted net profits of EGP 6.1 million in Q1-FY16/17, up from EGP 239,000 a year earlier.
The firm turned to losses in FY15/16, when it suffered losses of EGP 9.2 million.
