Marco Group’s OGM nods to EGP 40M dividend for 2021

Updated 3/31/2022 2:22:00 PM

ArabFinance: The ordinary general meeting (OGM) of Macro Group Pharmaceutical (Macro Capital) (MCRO) has approved the board of directors’ proposal regarding the distribution of cash dividends for 2021 earnings, according to a statement filed to the Egyptian Exchange (EGX) on March 31st.

Accordingly, the company shall pay cash dividends worth EGP 40 million, equivalent to EGP 0.069 per share, to shareholders on April 27th.

The company previously reported a 9.5% year-on-year (YoY) increase in 2021 net profit after tax, recording EGP 147.967 million.

Founded in 2002, Macro Group is a leading Egyptian cosmeceutical company based in Cairo.