Egypt’s Middle and West Delta Flour Mills Q1 profit falls to 27mn pounds

Egyptian state-run Middle and West Delta Flour Mills Company’s first-quarter net profit dropped to 27 million Egyptian pounds ($1.5 million), the company said in a bourse filling on Tuesday.

Earlier, profit stood at 27.2 million pounds during the first quarter of 2016.

The company made revenues worth 584.4 million pounds, compared with 998.5‍​ million pounds last year.