State-owned Middle Egypt Flour Mills Q1 profits up to 28mn pounds

Middle Egypt Flour Mills Company, affiliated to Holding Company for Food Industries, reported Monday an increase in its first-quarter net profits to reach 28.4 million Egyptian pounds ($1.6 million).

Profits earlier stood at 24.5 million pounds during the first quarter of 2016.

Revenues stood at 481.4 ‍​million from 734.2 ‍​last year.