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Alexandria Flour Mills' profits drop to EGP 27M in FY2018/19

Alexandria Flour Mills' profits drop to EGP 27M in FY2018/19

ArabFinance:  Alexandria Flour Mills Company (AFMC) announced in a statement sent to EGX, the Board of Directors (BoD) was held on September 08.

The company's BoD approved financial results for the fiscal period starting July 01, 2018 and ending June 30, 2019, which revealed posting after-tax profits of EGP 26.937 million, compared to posting net profits of EGP 48.066 million a year earlier, representing 43.9% Decline.

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