MOPCO to distribute dividends

The dividends will be disbursed on two tranches

  

ArabFinance: Misr Fertilizers Production Company (MOPCO) (MFPC) ordinary general assembly approved the cash dividends to shareholders for 2020, at EGP 801,910,312, according to a statement released on April 5th.

The dividends will be disbursed on two tranches; the first tranche amounts to EGP 0.50 while the second amounts to EGP 3/share.

The company’s general assembly approved the financial results and dividends for 2020.

MOPCO achieved a consolidated net profit of EGP 2.488 billion in 2020, compared to EGP 1.645 billion posted in 2019.

MOPCO, formerly Misr Oil Processing company, is an Egypt-based company that is engaged in the production, marketing, wholesaling, and distributing of fertilizers and petrochemical products. The company's various products include ammonia, urea, and nitrogen.

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