ArabFinance: Upper Egypt Mills Company (UEMC) will distribute annual cash dividends of EGP 10 per share on December 16th, according to the company’s November 29thstatement filed the Egyptian Exchange.
UEMC stated the dividend will be disbursed to the shareholders recorded on December 13th.
The company reported a standalone net profit after tax of EGP 25.366 million in the July-September period of 2020, marking a 13% Year on Year decline.
UEMC is primarily involved in the manufacture, processing, import, export, warehousing, and distribution of different types of grains and grain derivatives, as well as baking bread. Upper Egypt Flour Mills holds a majority stake of 54.5% in a flour milling company and Kings Valley Mills Company.
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