Middle Egypt Flour Mills’ OGM nods to dividends payment for FY 2020/2021
Updated 11/2/2021 12:51:07 PM
ArabFinance: The ordinary general meeting (OGM) of Middle Egypt Flour Mills Company (CEFM) has approved the distribution of cash dividends worth a total of EGP 47.849 million, equivalent to EGP 3.25 per share, according to a statement filed to the Egyptian Exchange (EGX).
Moreover, the OGM has endorsed the board of directors’ business report for the period starting from July 1st, 202, until June 30th, 2021.
The OGM has also approved the financial position of the company for fiscal year (FY) 2020/2021.
It is worth noting that Middle Egypt Flour Mills previously posted a net profit of EGP 103.41 million for fiscal year (FY) 2020/2021, up from EGP 98.60 million in FY 2019/2020.
Middle Egypt Flour Mills, a member of the Holding Company for Food Industries, is engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grains and related products.
