ArabFinance: Misr Fertilizers Production Company – Mopco (MFPC) decided to distribute cash dividends of EGP 2.5 per share for 2019.
On March 26th, the general assembly approved the board of directors’ annual report for the year 2019.
The company posted consolidated profits of EGP 1.6 billion slipped from EGP 3.17 billion in the financial year 2018.
It attributed the profit decrease to the return of $66 million to a subsidiary's net profit of 2018. Mopco’s revenues for 2019 dropped by EGP 447 million, in addition to the decline exchange rate.
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