Cairo – Mubasher: Upper Egypt Flour Mills reported an increase of 34.3% in net profits for the first quarter of the fiscal year 2016 – 2017.
The company saw net profits of EGP 46.8 million for Q1 – FY16/17, up from EGP 34.85 million for the same period of the previous year.
Earlier, the company posted net profits of EGP 117.2 million in FY15/16, up from EGP 103.99 million for the comparable period of the previous year.