Cairo – Mubasher: The ordinary general meeting (OGM) of Extracted Oils & Derivatives Company (Extracted Oils) approved a cash dividend distribution of EGP 0.05 per share, or 5% of the share’s nominal value, for fiscal year 2018/2019.

The company’s shareholders agreed to distribute a total value of EGP 10 million as dividends for the earnings of the last fiscal year, according to a statement to the Egyptian Exchange (EGX) on Sunday.

The company’s capital amounts to EGP 200 million, distributed over 200 million shares at a nominal value of EGP 1 apiece.

It is noteworthy that during the first quarter of FY19/20, Extracted Oils logged a net profit of EGP 3.83 million, compared to EGP 3.3 million in the prior-year period.