Cairo – Mubasher: The ordinary general meeting (OGM) of Misr Chemical Industries approved the amended cash dividend distribution for fiscal year 2019/2020.

The shareholders approved cash dividends of EGP 73.12 million or EGP 1 per share instead of the previously-proposed dividend of EGP 0.75 a share, the company said in a bourse disclosure on Thursday.

The OGM also greenlighted the provision of EGP 8.12 million for employee profit sharing for the year ended 30 June.

During FY19/20, the company reported net profits of EGP 63.7 million, down from EGP 77.45 million a year earlier.