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Middle and West Delta Flour announces payment date of EGP 12/shr

Middle and West Delta Flour announces payment date of EGP 12/shr

ArabFinance: Middle and West Delta Flour Mills (WCDF) will distribute annual cash dividends of EGP 12 for the fiscal year (FY) 2020/2021, according to the company’s October 27th statement filed the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders on November 19th to shareholders recorded on November 16th.

The mill company posted a net profit after tax of EGP 29.363 million in July-September 2020, a 16% decline from EGP 35.024 million achieved in the prior-year period.

Earlier, the company announced the self-financed investment plan worth EGP 17 million for FY 2020/2021.

MWDFM is an Egypt-based company primarily involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.

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