ArabFinance: The ordinary general meeting (OGM) of Delta Sugar (SUGR) has approved the board of directors’ proposal regarding the distribution of cash dividends to shareholders for 2021 earnings, according to a statement filed to the Egyptian Exchange (EGX) on March 31st.
Accordingly, the company shall distribute cash dividends worth EGP 0.50 per share.
The company previously reported a net profit after tax of EGP 394.21 million in 2021, versus a net loss of EGP 253.95 million in 2020.
Delta Sugar is an Egypt-based shareholding company that operates in the food processing industry sector.