Cairo – Mubasher: The ordinary general meeting of Misr Beni Suef Cement (MBSC) approved a cash dividend of EGP 1.5 per share for 2020.

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The total value of approved dividends amounts to EGP 112.5 million, the company said in a bourse disclosure on Sunday.

Over the course of 2020, the cement producer achieved net profits of EGP 76.38 million, down from EGP 80.24 million a year earlier.

Sales fell to EGP 1.19 billion last year, compared to EGP 1.8 billion in 2019.