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Obour Land OGM nods to EGP 60m dividends for 2017

Obour Land OGM nods to EGP 60m dividends for 2017
The OGM will also review the company’s financial statements

Cairo – Mubasher: The ordinary general meeting (OGM) of Obour Land for Food Industries has approved a cash dividend distribution of EGP 60 million, or 30 piasters per share, for 2017.

The OGM will also review the company’s financial statements and the board of directors’ report for the year ended December 2017, the dairy maker said in a filing to the Egyptian Exchange (EGX) on Sunday.

Obour Land had previously posted a net profit of EGP 234.19 million for the full-year 2017, compared to EGP 161.9 million a year earlier, including minority shareholders’ rights.