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Mopco to pay EGP 3.5/shr dividends for 2020

Mopco to pay EGP 3.5/shr dividends for 2020
Mopco recorded net profits of EGP 2.48 billion in 2020
Mopco
MFPC
-0.80% 51.86 -0.42

Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Fertilizers Production Co (Mopco) approved a cash dividend of EGP 3.5 per share for 2020.

The shareholders also approved the appointment of the board of directors, chaired by Hisham Mohamed Nour El-Din, for a new three-year term, the company said in a bourse disclosure on Wednesday.

In 2020, Mopco recorded consolidated net profits after taxes of EGP 2.48 billion, up from EGP 1.64 billion a year earlier.