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Upper Egypt Mills okays annual cash dividends

Upper Egypt Mills okays annual cash dividends

ArabFinance: Upper Egypt Mills Company’s (UEMC) ordinary general meeting (OGM) approved cash dividends worth EGP 70 million for the fiscal year 2019/2020, according to the company’s November 18th  statement filed to the Egyptian Exchange.

UEMC will distribute EGP 10 per share, the statement added. 

The company reported a standalone net profit after tax of EGP 25.366 million in the July-September period of 2020, marking a 13% Year on Year decline.

UEMC is primarily involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives, as well as baking bread. Upper Egypt Flour Mills holds a majority stake of 54.5% in a flour milling company and Kings Valley Mills Company.

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