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EGX releases reminder of Upper Egypt Mills' dividend payment date

Sunday 12/13/2020 11:14:00 AM

ArabFinance: The Egyptian Exchange said that today is the record date for Upper Egypt Mills Company’s annual cash dividends, according to a reminder statement released on November 29^th.

The company will distribute on December 16^th cash dividends of EGP 10 per share, the statement highlighted.

Upper Egypt Mills posted a consolidated net profit of EGP 27,327,639 in the July-September 2020, compared to EGP 31,428,051 achieved in the prior-year period.

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