Middle and West Delta Flour Mills announces payout date of dividend

ArabFinance: Middle and West Delta Flour Mills (WCDF) will distribute annual cash dividends of EGP 12 for the fiscal year (FY) 2020/2021, according to the company’s October 27^thstatement filed the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders on November 19^th to shareholders recorded on November 16^th.

The mill company posted a net profit after tax of EGP 29.363 million in the July-September period of 2020, a 16% decline from EGP 35.024 million achieved in prior-year 2019.

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

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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