ArabFinance: Upper Egypt Flour Mills (UEFM) announced, in a statement sent to EGX, the audited financial results for the financial period starting July 1, 2019, and ending Dec. 31, 2019.

The company posted consolidated net profits of EGP 65,815,507, compared to net profits of EGP 80,837,766 in the same period a year ago, taking into account the minority rights.

Moreover, it posted standalone net profits of EGP 60.741 million, compared to net profits of EGP 75.863 million in the same period last year.