Abu Qir Fertilizers' shareholders raise dividends for FY20/21

In August, the board of directors recommended a cash dividend

  
Cairo – Mubasher: The ordinary general meeting (OGM) of Abu Qir Fertilizers decided to raise the cash dividend for fiscal year (FY) 2020/2021 to EGP 1.3 per share, up from the board's proposal of EGP 1.2, according to a bourse disclosure on Sunday.

In August, the board of directors recommended a cash dividend of EGP 1.5 billion or EGP 1.2 per share for the earnings for the year ended 30 June.

Abu Qir Fertilizers achieved net profits of EGP 3.51 billion in FY20/21, up by 30.47% year-on-year (YoY) from EGP 2.69 billion.

Source: Mubasher

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