East Delta Flour Mills amends its investment plan for FY 2019/2020
Updated 6/29/2020 3:18:00 PM
ArabFinance: East Delta Flour Mills (EDFM) amended the investment plan for the fiscal year (FY) 2019/2020 from EGP 55.5 million to EGP 17.3 million, according to the company's June 29th statement filed to the Egyptian Exchange.
Earlier, the company announced the budget for the FY 2020/2021, targeting a net surplus of EGP 63 million.
In FY 2019/2020, the company eyed a net surplus of EGP 62 million.
The Egypt-based company is engaged in the manufacture, processing, warehousing, packaging, import, export, and distribution of different types of grains, grain derivatives, and substitutes. The company also produces such products as bread and pasta.
