Middle and West Delta Flour Mills okays annual dividends
Updated 10/13/2020 10:21:00 AM
ArabFinance: Middle and West Delta Flour Mills (WCDF) (MWDFM) will distribute EGP 90 million worth of dividends for the fiscal year (FY) 2019/2020, according to the company's statement filed to the Egyptian Exchange.
The company's ordinary general meeting gave the go-ahead to distribute EGP 12 per share to each shareholder.
MWDFM posted a net profit of EGP 180.727 million for FY 2019/2020, compared to EGP 194.794 million posted in FY 2018/2019.
Earlier, the company announced the investment plan for the FY 2020/2021 of EGP 17 million will be self-financed.
MWDFM is an Egypt-based company primarily involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.
