Middle & West Delta Flour Mills (WCDF) announced in a statement sent to EGX, the Board of Directors (BoD) was held on January 22.

The company’s BoD approved unaudited financial results for the fiscal period starting July 01, 2018 and ending December 31, 2018, which revealed posting after-tax profits of LE86.3 million, versus net profits of LE64.9 million a year earlier.

It attributed the profit rise backs to taxes decline with LE20.189 million according to the tax treatment under allocation clause of 80-13.50 million.

-Arab Finance