Cairo – Mubasher: Alexandria Pharmaceuticals and Chemical Industries said its general meeting approved to raise the value of its upcoming cash dividends distribution to EGP 6.30 per share.

Earlier, the company’s board suggested to distribute dividends of EGP 5.85 per share for the year ended 30 June 2016.

The increase in the value of the upcoming cash dividends distribution has followed the company’s general meeting decision to raise the total amount to distributed, for the year ended 30 June 2016, from EGP 29.25 million to EGP 31.5 million distributed across 5 million shares.

The drug firm reported net profits of EGP 71.9 million in the year ended 30 June 2016 compared EGP 59.4 million a year earlier.