East Delta Flour Mills reports 18% profit decline
Updated 7/26/2020 12:46:00 PM
ArabFinance: East Delta Flour Mills (EDFM) posted an 18% Year on Year decline in its net profit for the fiscal year (FY) 2019/2020, according to July 26th financial statements filed to the Egyptian Exchange.
Net profit reached EGP 120.496 million in the FY 2019/2020 ended June 30th, compared to EGP 147.648 million achieved a year earlier.
In the first half of FY 2019/2020, the company posted net profit of EGP 49.939 million, a 24% profit decrease from EGP 65.917 million achieved in H1 2018/2019.
East Delta Flour Mills Co 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.
