Delta Sugar’s OGM nods to EGP 0.50/share dividends payment for 2021

Updated 3/31/2022 5:17:28 PM

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.