Middle and West Delta Flour records 9% profit decline
Updated 1/26/2021 9:47:00 AM
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 (FY) 2020/2021, according to the company’s 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 a self-financed investment plan worth EGP 17 million for FY 2020/2021.
The listed company is involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.
