Middle and West Delta Flour Mills’ net profit rise 26.6% YoY in FY 2022/23
Updated 8/29/2023 9:06:00 AM
Arab Finance: Middle and West Delta Flour Mills (WCDF) posted a 26.65% year-on-year (YoY) climb in its net profit after tax for fiscal year (FY) 2022/2023, according to the financial statement filed to the Egyptian Exchange (EGX) on August 29th.
Net profit after tax stood at EGP 271.810 million in FY 2022/2023, compared to a profit of EGP 214.623 million in FY 2021/2022.
The company also generated revenues of EGP 1.870 billion in the last FY, growing by 41.89% YoY from EGP 1.318 billion.
The EGX-listed company is engaged in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.
