Domty’s OGM greenlights dividends distribution

Updated 4/15/2024 9:36:00 AM
Domty’s OGM greenlights dividends distribution

Arab Finance: The Arabian Food Industries Company’s (Domty) ordinary general meeting (OGM) has approved paying EGP 0.50 per share, or a total of EGP 141.3 million, in cash dividends to shareholders for 2023, the firm stated on April 15th.

In 2023, Domty’s consolidated net profits attributable to the parent company rose 71% year on year (YoY) to EGP 454.439 million, versus EGP 265.702 million.

Domty is an Egypt-based company engaged in the production and sale of dairy products, including cheese products, such as Tetra Pak cheese, plastic tubes cheese, mozzarella cheese, and spread cheese, as well as milk products and juices.

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