Cairo – Mubasher: North Cairo Mills announced that its shareholders approved a cash dividend distribution of EGP 6.42 million for fiscal year 2018/2019 during an ordinary general meeting (OGM).

The company’s OGM agreed to distribute EGP 0.60 per share for the earnings of the last fiscal year, according to a statement to the Egyptian Exchange (EGX) on Sunday.

It is noteworthy that during FY18/19, North Cairo Mills posted a net profit of EGP 20.71 million, compared to EGP 53.6 million a year earlier.