Middle and West Delta Flour Mills okays annual dividends
Earlier, the company announced the investment plan for the FY 2020/2021
By Staff Writer, Arab Finance
ArabFinance:Middle and West Delta Flour Mills’ (WCDF) (MWDFM) ordinary general meeting approved distributing EGP 90 million to shareholders for the fiscal year (FY) 2019/2020, according to the company's statement filed to the Egyptian Exchange.
The company will distribute EGP 12 per share.
MWDFM posted a net profit of EGP 180.727 million for FY 2019/2020, compared to EGP 194.794 million posted in FY 2018/2019.
Earlier, the company announced the investment plan for the FY 2020/2021 of EGP 17 million will be self-financed.
Middle and West Delta Flour Mills is an Egypt-based company engaged in the food processing industry sector. The company is primarily involved in the manufacture, processing, import, export, warehousing and distribution of different types of grains and derivatives.
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