Middle and West Delta Flour Mills reports lower profit
Updated 7/15/2021 4:16:00 PM
ArabFinance: Middle and West Delta Flour Mills posted a net profit of EGP 164.360 million in the fiscal year (FY) 2020/2021, according to the company’s unaudited financial statements filed to the Egyptian Exchange.
This marked a Year on Year (YoY) decline of 9% when compared to EGP 180.727 million in 2019/2020.
Middle and West Delta Flour’s board of directors eyed a net surplus of EGP 100.75 million in the fiscal year (FY) 2021/2022.
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.
