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Delta Sugar approves profit distribution

Delta Sugar approves profit distribution

ArabFinance: Delta Sugar (SUGR) decided to distribute dividends of EGP 2.5 per share totaling EGP 710,990,375.

On March 29th, the general meeting approved the board of directors’ annual report and the profit distribution for 2019.

The extraordinary general meeting ratified, on the same day, some articles of the company’s Articles of Association.

The company posted a profit of EGP 42.891million in 2019, compared to net profits of EGP 343,741,619 a year earlier, with an 88% profit decrease.

In 1978, Delta sugar company was established as the first company to produce sugar from beets in Egypt, in 1982, the first line of production was completed with a busy ton of beet capacity 8000 tons/day to produce 100,000 tons of sugar per season.

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