ArabFinance: Middle and West Delta Flour Mills (WCDF) will distribute annual cash dividends of EGP 12 for the fiscal year (FY) 2020/2021, according to the company’s October 27thstatement filed the Egyptian Exchange.

The company stated the dividend will be disbursed to the shareholders on November 19th to shareholders recorded on November 16th.

The mill company posted a net profit after tax of EGP 29.363 million in the July-September period of 2020, a 16% decline from EGP 35.024 million achieved in prior-year 2019.

Earlier, the company announced the self-financed investment plan for the FY 2020/2021 of EGP 17 million.

MWDFM is an Egypt-based company primarily involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and derivatives.

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