Arab Finance: Middle and West Delta Flour Mills (WCDF) posted a 104% year-on-year (YoY) hike in its net profits after tax for the first half of fiscal year (FY) 2024/2025, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on January 26th.
Net profits after tax jumped to EGP 162.330 million in H1 of the current FY, up from EGP 156.602 million over the same half a year earlier.
Meanwhile, revenues saw a 111% yearly surge in the July-December period of 2024, hitting EGP 1.245 billion, compared to EGP 1.117 billion.
The EGX-listed company is engaged in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.