Cairo – Mubasher: The Arab Drug Company announced cash dividends amounting to EGP 4.50 per share for fiscal year (FY) 2022/2023.
The workers’ share of profits stands at EGP 7.86 million, according to a bourse filing.
It is worth highlighting that the company’s ordinary general meeting (OGM) greenlighted the dividends proposal on 7 October 2023.
Last year, Arab Drug paid out cash dividends worth EGP 4.80 per share for FY21/22.
In the 12-month period that ended on 30 June 2023, the EGX-listed firm logged net profits after tax valued at EGP 82.77 million, compared to EGP 76.29 million in the previous FY.
Revenues increased to EGP 633.73 million in FY22/23 from EGP 505.03 million in FY21/22.
