Cairo – Mubasher: The board of directors of Abu Qir Fertilizers recommended a cash dividend distribution of EGP 1.1 per share for fiscal year 2018/2019.

Dividends are proposed to be distributed over two tranches: EGP 0.30 on 24 October and EGP 0.80 on 31 December, the company said in a statement to the Egyptian Exchange (EGX) on Sunday.

During FY18/19, Abu Qir Fertilizers logged a net profit of EGP 3.15 billion, rising by 30% year-on-year from EGP 2.4 billion.

Sales increased to EGP 8.5 billion in the twelve-month period ended 30 June from EGP 7.55 billion in the year-ago period.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.