EGX sets Middle and West Delta Flour’s stock limit down
Updated 11/16/2020 4:31:00 PM
ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Middle and West Delta Flour Mills at 20.23%, according to the company’s November 16th filing.
The circuit breaker of the company’s stock is also set at a limit down level of 15.80%, the EGX disclosure added.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on November 16th.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 12 per share on November 19th.
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.
