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Mopco's OGM approves EGP 2.5/shr dividends

Mopco's OGM approves EGP 2.5/shr dividends
Mopco's OGM approved to pay out cash dividends of EGP 2.5 per share
Mopco
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Cairo – Mubasher: The shareholders of Misr Fertilizers Production Company (Mopco) have approved to pay out cash dividends of EGP 2.5 per share for the fiscal year (FY) ended on 31 December 2019.

During the ordinary general meeting (OGM), the shareholders have also agreed on the company's consolidated and standalone final accounts and financial results for 2019, according to the company's statement to the Egyptian Exchange (EGX) on Sunday.   

It is noteworthy to highlight that in 2019 the company's consolidated profits plunged by 48.2% year-on-year (YoY) to EGP 1.645 billion from EGP 3.17 billion in 2018.