Cairo – Mubasher: The ordinary general meeting (OGM) of Arab Cotton Ginning approved to distribute cash dividends of EGP 0.10 per share for fiscal year 2018/2019.
Meanwhile, the OGM approved the firm’s financial statements and the board of directors’ report for FY18/19, the company said in a filing to the Egyptian Exchange (EGX) on Tuesday.
The OGM further approved the appointment of seven new board members.
It is worth remarking that during FY18/19, the company’s net profits plunged to EGP 33.73 million from EGP 89.49 million during FY17/18.
