Middle Egypt Flour Mills’ OGM nods to dividends distribution
Updated 11/24/2021 2:58:55 PM
ArabFinance: The ordinary general meeting (OGM) of Middle Egypt Flour Mills Company (CEFM) endorsed the company’s financial position for fiscal year (FY) 2020/2021, with a net profit after tax of EGP 103.41 million, according to a statement filed to the Egyptian Exchange (EGX).
Moreover, the OGM approved the payment of cash dividends to shareholders for FY 2020/2021 at a total value of EGP 47.84 million, equivalent to EGP 3.25 per share.
It is worth noting that Middle Egypt Flour Mills posted a net profit after tax of EGP 25.96 million in the first quarter (Q1) of fiscal year (FY) 2021/2022, versus a profit of EGP 24.23 million in Q1 FY 2020/2021.
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.
