Cairo – Mubasher: The ordinary general meeting (OGM) of Arabian Food Industries Co (Domty) has endorsed the board’s proposal of distributing cash dividends to shareholders of EGP 0.20 per share for fiscal year 2018.
The OGM has approved the distribution of EGP 56.52 million dividends to shareholders for FY18, in addition to EGP 13.94 million to employees, while retaining EGP 61.48 million, Domty said in a statement to the Egyptian Exchange (EGX) on Sunday.
Moreover, the OGM has approved FY18 financial statements and the board’s report on the company’s business, the firm added, noting that the general assembly has cleared off the board’s responsibility for this period.
In the same vein, the OGM has approved to sell some of the unused production lines, according to the statement.
In 2018, Domty achieved a net consolidated profit of EGP 154.6 million, versus EGP 61.52 million a year earlier.
