East Delta Flour Mills reports 31% surge in net profits for H1 FY2024/2025
EGYPT – East Delta Flour Mills has announced a 31% increase in net profits after tax, reaching EGP 84.78 million (US$$1.70 million) in the first half of fiscal year 2024/2025, up from EGP 64.49 million (US$$1.29 million) during the same period the previous year.
This impressive growth is attributed to the company’s strategic initiatives and robust market performance.
The company’s sales also experienced substantial growth, totaling EGP 392.01 million (US$$7.84 million) by the end of December 2024, which represents a 24% year-on-year increase from EGP 316.43 million (US$$6.33 million).
In the previous fiscal year (FY2023/2024), the company achieved a remarkable 125% year-on-year increase in net profits after tax, reaching EGP 184.868 million (US$$3.70 million), up from EGP 148.086 million (US$$2.96 million).
Established in 1965 and headquartered in Zagazig, Sharqia, Egypt, East Delta Flour Mills is engaged in the manufacture, processing, warehousing, packaging, import, export, and distribution of various types of grains, grain derivatives, and substitutes. The company also produces a range of products, including bread and pasta, catering to diverse consumer needs.
In addition to its core business activities, East Delta Flour Mills has been actively involved in various community initiatives and sustainability projects. The company has implemented measures to reduce its environmental footprint and promote sustainable practices within its operations.
Looking ahead, East Delta Flour Mills aims to continue its growth trajectory by exploring new markets and expanding its product portfolio. The company’s strategic focus on innovation and customer satisfaction is expected to drive further success in the coming years.
The outlook is timely as the export market in Egypt has continued to flourish reaching an unprecedented US$6.1 billion in 2024.
According to the Food Export Council (FEC), the most exported Egyptian processed food products in 2024 included soft drink concentrates, flour and semolina, sugar, frozen strawberries, edible oils, fruit juices, frozen vegetables, and frozen potatoes.
FEC Chairman Mahmoud Bazan emphasized the significance of this achievement.
“This is the highest export value in the history of the sector, reaffirming the competitiveness of Egyptian food products in global markets, supported by government efforts to enhance non-oil exports,” he stated.
Arab countries remained the primary importers of Egyptian processed foods, purchasing approximately US$3.28 billion worth of products in 2024. This figure represents 54% of Egypt’s total processed food exports and signifies a 20% growth compared to 2023.
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