Middle Delta Flour Mills’ profits down 1.95% in 9 months

Updated 4/22/2020 5:37:36 PM

ArabFinance: The preliminary unaudited financial statement of Middle and West Delta Flour Mills (WCDF) showed a decline of EGP 2.26 million in profits during the nine months ended March 31st.

Middle Delta Flour Mills registered EGP 113.79 million worth of net profit after taxes in the period from July 1st 2019 to March 31st.

This value is 1.95% lower when compared to EGP 116.06 million achieved in the nine-month period a year earlier.

Furthermore, sales decreased by 2.7% year on year (YoY) to EGP 810.20 million, compared to EGP 832.82 million in the nine months ended March 31st 2019.