Abu Qir Fertilizers sets due date of cash dividend

ArabFinance: Abu Qir Fertilizers and Chemical Industries (ABUK) will distribute annual cash dividends of EGP 1.20 per share for the fiscal year 2019/2020, according to the company’s October 6^thstatement filed the Egyptian Exchange.

The dividends will be paid on two installments; the first one amounts EGP 0.30 payable on EGP 0.30 paid on October 22nd and the second installment amounts to EGP 0.90 payable on December 31st

The company stated the dividend will be disbursed to the shareholders recorded on October 19.

The company reported a net profit of EGP 2,694,886,008 in the fiscal year (FY) 2019/2020, a 14.64% decrease from EGP 3,157,133,317 achieved a year earlier.

Abu Qir Fertilizers is an Egypt-based company engaged in the agricultural chemicals sector. The company focuses on the production, distribution and export of fertilizers, chemicals and related products. It operates in seven segments, which include Abu Qir plant 1, 2, and 3, mixture fertilizers plant, liquid fertilizers, ammonia and nitric acid, and others.

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