Middle and West Delta Flour Mills’ profit leaps 44% YoY in 3 months
Updated 10/31/2022 2:35:00 PM
Arab Finance: Middle and West Delta Flour Mills (WCDF) posted a 43.9% year-on-year (YoY) growth in net profit after tax for the first quarter (Q1) of fiscal year (FY) 2022/2023, according to the unaudited financial statement filed to the Egyptian Exchange (EGX) on October 31st.
Net profit after tax stood at EGP 45.394 million in Q1 FY 2022/2023, compared to EGP 31.543 million in Q1 FY 2021/2022.
The company recorded revenues of EGP 350.658 million in the three-month period ended September 30th, up from EGP 297.607 million in the same period a FY earlier.
Middle and West Delta Flour Mills is an EGX-listed company that is engaged in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.
