Middle and West Delta Flour Mills posts 104% profit surge in 6 months
Updated 1/30/2022 3:17:28 PM
ArabFinance: Middle and West Delta Flour Mills (WCDF) reported a 104% year-on-year surge in net profit after tax for first half (H1) of fiscal year (FY) 2021/2022, according to the company’s unaudited financial indicators filed to the Egyptian Exchange (EGX).
The company recorded a net profit after tax of EGP 71.43 million in the July-December period of 2021, compared to a profit of EGP 68.66 million in the same period of 2020.
Moreover, the company’s revenue hiked by 111% to EGP 603.81 million in H1 FY 2021/2022 from EGP 543.11 million in H1 FY 2020/2021.
The EGX-listed company is engaged in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.
