East Delta Flour Mills’ profits surge 119% YoY in Q1 FY 2022/2023
Updated 10/30/2022 2:03:00 PM
Arab Finance: East Delta Flour Mills (EDFM) reported a 119% year-on-year (YoY) surge in net profit after tax for the first quarter (Q1) of fiscal year (FY) 2022/2023, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on October 30th.
Net profit after tax stood at EGP 28.923 million in Q1 FY 2022/2023, compared to a profit of EGP 24.22 million in Q1 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.
