Cairo – Mubasher: Alexandria Flour Mills said Sunday that its ordinary general meeting (OGM) has adopted the budget draft for fiscal year 2017-2018.
The company seeks to achieve a net profit of EGP 42 million for FY17/18, compared to an estimated net profit of EGP 30 million for the current year, according to a bourse filing.
Alexandria Mills set the investment budget for FY17/18 at EGP 47.6 million, versus EGP 23.5 million for FY16/17.
