ArabFinance: Middle and West Delta Flour Mills posted a net profit of EGP 191.018 million in the fiscal year (FY)  2020/2021, according to the company’s amended financial statements filed to the Egyptian Exchange.

This marked a Year on Year (YoY) decline of 6% 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.