East Delta Flour Mills reports higher profit
Updated 11/3/2020 1:38:00 PM
ArabFinance: East Delta Flour Mills (EDFM) posted a 1.9% Year on Year increase in its net profit the first three months of the fiscal year (FY) 2020/2021, according to November 3rd financial statements filed to the Egyptian Exchange.
Net profit reached EGP 25,432,034 in the July-September period of 2020, compared to EGP 24,958,729 achieved in the corresponding period a year earlier.
Earlier, the company announced that it was studying the offers submitted to develop its storage capacity in the current fiscal year.
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.
