Middle and West Delta Flour Mills reports 25% annual profit decline

Middle and West Delta Flour Mills (WCDF) reported a 25% Year on Year decline in its net profit

  
ArabFinance: Middle and West Delta Flour Mills (WCDF) reported a 25% Year on Year decline in its net profit for the fiscal year (FY) 2019/2020, according to a July 13th financial statements filed to the Egyptian Exchange.

Net profit reached EGP 146.444 million in FY 2019/2020, compared to EGP 194.794 million achieved in the prior-year year earlier.

The company registered EGP 113.79 million worth of net profit after taxes in the period from July 1st 2019 to March 31st.

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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