Arab Finance: Middle Egypt Flour Mills Company’s net profits after tax rose 8.27% year on year (YoY) in the first nine months of the fiscal year (FY) 2022/2023, as per the unaudited financial indicators filed on April 30^th.

Net profits increased to EGP 79.876 million in the nine months to March 21^st, 2023, from EGP 73.778 million in the same period of FY 2021/2022.

Meanwhile, revenues saw a 7.76% annual increase in the nine-month period ended on March 31^st this year, reaching EGP 408.555 million, versus EGP 379.137 million over the same period a FY earlier.

Middle Egypt Flour Mills is an EGX-listed company engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grains and related products.

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