Cairo – Mubasher: Alexandria Flour Mills announced that it has recommended a cash dividend distribution of EGP 0.30 per share for fiscal year 2018/2019.

The company proposed paying out a total amount of EGP 26.123 million, including EGP 9.867 million to shareholders and EGP 16.255 million to employees, the company said in a statement to the Egyptian Exchange (EGX) on Thursday.

The proposed dividends are still pending shareholder approval during an ordinary general meeting (OGM) on 17 October.

It is noteworthy that during FY18/19, Alexandria Flour Mills logged a net profit of EGP 26.58 million, compared to EGP 48.06 million in the prior fiscal year.