Cairo – Mubasher: Ordinary general assembly meeting (OGM) of East Delta Flour Mills (EDFM) Company has approved cash dividends for fiscal year (FY) ended 30 June 2019.

The company’s shareholders approved EGP 84 million in cash dividends, at EGP 14 per share, according to the company’s statement to the Egyptian Exchange (EGX) on Sunday.

EDFM’s capital total EGP 600 million, distributed over 6 million shares at a nominal value of EGP 10 per share.

The company recorded an 11.1% year-on-year profit hike during FY 2018/2019 to EGP 147.64 million, compared to EGP 132.87 million in FY17/18.