Tawasul
Mubasher TV
Contact Us Advertising   العربية

Alexandria Container's shareholders approve dividends for FY19/20

Alexandria Container's shareholders approve dividends for FY19/20
The OGM also approved the appointment of a new board of directors
Alex Cont
ALCN
3.25% 7.26 0.23

Cairo – Mubasher: The ordinary general meeting (OGM) of Alexandria Container and Cargo Handling Co approved a cash dividend distribution of EGP 0.776 per share for fiscal year 2019/2020.

Total dividends amounted to EGP 1.15 billion, including EGP 33.5 million in the first dividend payment and EGP 1.12 billion in the second payment, in addition to about EGP 138,800 as board remuneration for the year ended 30 June, according to a bourse disclosure on Sunday.

The OGM also approved the appointment of a new board of directors to be headed by Ahmed Hassan Ahmed Sayed Ahmed as a Non-Executive Chairman for a three-year term.

During the first five months of FY20/21, the company achieved net profits of EGP 465.13 million, compared to EGP 632.94 million in the year-ago period.