Cairo – Mubasher: Abu Qir Fertilizers’ board of directors proposed the distribution of a cash dividend for fiscal year ended June 2017, equivalent to EGP 10.5 per share.  

The Egyptian firm announced that shareholders’ share of profits of FY16/17 amounts EGP 1.3 billion, according to a statement to the Egyptian Exchange (EGX) on Monday.

The firm added that EGP 532.5 million of the profits will be retained for the next year.

Abu Qir achieved profits of EGP 2.23 billion in FY16/17, up from EGP 1.02 billion in the prior fiscal year.

The company’s capital amounts EGP 1.89 billion distributed over 126.18 million shares, with a par value of EGP 15 per share.