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Canal Shipping Agencies proposes EGP 232m dividends for FY19/20

Canal Shipping Agencies proposes EGP 232m dividends for FY19/20
The company logged EGP 328.4 million in net profits in FY19/20
Canal Shipping Agencies
CSAG
5.80% 17.70 0.97

Cairo – Mubasher: The board of Canal Shipping Agencies recommended a cash dividend distribution of EGP 1.15 per share for fiscal year 2019/2020.

The proposed dividends totalled EGP 231.8 million for the earnings of the last fiscal year, according to a bourse disclosure on Monday.

During the year ended 30 June, the company logged EGP 328.4 million in net profits, up from EGP 225.5 million in FY18/19.