Middle and West Delta Flour Mills’ net profit soars 111% in 9 months
Updated 4/26/2022 1:09:00 PM
ArabFinance: Middle and West Delta Flour Mills (WCDF) posted a 111% year-on-year (YoY) surge in net profit after tax for the first nine months of fiscal year (FY) 2021/2022, according to the unaudited financial income statement filed to the Egyptian Exchange (EGX) on April 26th.
Net profit after tax stood at EGP 126.28 million in the nine-month period ended March 31st, compared to a profit of EGP 113.56 million in the same period of FY 2020/2021.
The company also generated revenues of EGP 920.60 million in the first nine months of FY 2021/2022, growing by 113% YoY from EGP 817.27 million.
It is worth noting that 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.
The EGX-listed company is engaged in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.
