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Alexandria Flour Mills to distribute EGP 0.18/shr

Alexandria Flour Mills to distribute EGP 0.18/shr

ArabFinance: Alexandria Flour Mills and Bakeries (AFMB) will distribute cash dividends of EGP 0.18 per share for the fiscal year 2019/2020, according to the company’s statement filed the Egyptian Exchange.

The company said the ordinary general meeting will decide in November on the EGP 5.92 million dividends to shareholders and a disbursement worth EGP 7.2 million for employees. 

Alexandria Flour posted a net profit of EGP 3.956 million in the July-September period of 2020, a 47% decrease from EGP 2.691 million posted in the prior-year period.

Alexandria Flour Mills is an Egypt-based company engaged in the manufacture, trade, import and export, storage, fumigation and maintenance, packaging, processing, and distribution of grain and its substitutes. 

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