Upper Egypt Mills’ board proposes EGP 77M dividends payment for FY 2021/2022
Updated 9/27/2022 12:30:00 PM
Arab Finance: Upper Egypt Mills Company’s (UEFM) board of directors recommended the payment of cash dividends worth EGP 77 million or EGP 11 per share to shareholders for fiscal year (FY) 2021/2022, according to a filing to the Egyptian Exchange (EGX) on September 27th.
The cash dividends payment proposal will be discussed by the upcoming ordinary general meeting (OGM).
It is worth noting that the company recorded a net profit after tax of EGP 150.14 million in FY 2021/2022, compared to EGP 147.11 million in FY 2020/2021.
