Middle and West Delta Flour records 9% profit decline

ArabFinance: Middle and West Delta Flour Mills reported a 9% Year on Year decline in its net profit in the first six months of the fiscal year 2020/2021, according to the companys unaudited financial statements filed to the Egyptian Exchange.

Net profit stood at EGP 68.660 million in July-December 2020, compared to EGP 75.126 million achieved in the prior-year period.

Earlier, the company announced the self-financed investment plan worth EGP 17 million for FY 2020/2021.

MWDFM is an Egypt-based company primarily involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.

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