East Delta Flour Mills’ net profit grows 95% YoY in 9 months
Updated 4/26/2022 12:52:00 PM
ArabFinance: East Delta Flour Mills (EDFM) reported a 95% year-on-year (YoY) growth in net profit after tax for the first nine months of fiscal year (FY) 2021/2022, according to the company’s unaudited financial income statement filed to the Egyptian Exchange (EGX) on April 26th.
Net profit after tax amounted to EGP 74.356 million in the nine-month period ended March 31st, compared to a profit of EGP 78.218 million in the same period of FY 2020/2021.
Moreover, the company recorded revenues of EGP 352.18 million in the first nine months of FY 2021/2022, rising by 100% YoY from EGP 351.17 million.
It is worth noting that the company posted a net profit after tax of EGP 48.32 million in the first half (H1) of 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.
