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
By Staff Writer, Arab Finance
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.
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Get Zawya's daily newsletter for insightful and exclusive Middle East perspectives on business and finance. SUBSCRIBE NOW