Arab Finance: East Delta Flour Mills (EDFM) reported a 116% year-on-year (YoY) surge in net profit after tax for the fiscal year (FY) 2022/2023, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on July 24^th.

Net profits after tax came in at EGP 149.366 million in FY 2022/2023, compared to profits of EGP 128.879 million in the previous FY.

Meanwhile, revenues saw a 118% annual increase to EGP 618.166 million from EGP 525.511 million in FY 2021/2022.

East Delta Flour Mills is an Egypt-based company 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.

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