East Delta Flour Mills’ profits soar 114% YoY in H1 FY2023/24
Updated 1/30/2024 11:01:00 AM
Arab Finance: East Delta Flour Mills’ (EDFM) net profits after tax went up 114% year on year (YoY) in the first half (H1) of fiscal year (FY) 2023/2024, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on January 30th.
Net profits after tax came in at EGP 64.449 million in H1 of this FY, versus EGP 56.727 million in the same period of the FY 2022/2023.
Likewise, revenues soared by 119% YoY to EGP 316.435 million from EGP 264.929 million in H1 of FY 2022/2023.
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.
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