Cairo – Mubasher: Middle and West Delta Flour Mills has reported a 12.9% year-on-year profit decline during the first six months of the fiscal year 2019/2020.
The company’s net profit shrank to EGP 75.12 million from July to December 2019, compared to EGP 86.28 million in the year-ago period, according to a bourse statement released on Wednesday.
Revenue levelled down to EGP 513.46 million in the July-December period, from EGP 538.95 million a year earlier.
It is worth noting that the EGX-listed company posted a 9.3% year-on-year profit retreat in the first quarter of FY19/20.
