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Alexandria Mills’ shareholders approve EGP 0.30/shr dividend for FY18/19

Alexandria Mills’ shareholders approve EGP 0.30/shr dividend for FY18/19
Alexandria Flour Mills reported a net profit of EGP 26.58 million
Alexandria Flour Mills
AFMC
-1.86% 28.04 -0.53

Cairo – Mubasher: The ordinary general meeting of Alexandria Flour Mills approved a cash dividend distribution of EGP 0.30 per share for fiscal year 2018/2019.

The company’s OGM agreed to distribute a total amount of EGP 26.123 million, including EGP 9.867 million to shareholders and EGP 16.255 million to employees, according to a statement to the Egyptian Exchange (EGX) on Sunday.

It is noteworthy that during FY18/19, Alexandria Flour Mills reported a net profit of EGP 26.58 million, down from EGP 48.06 million in FY17/18.