Cairo – Mubasher: The Ordinary General Assembly of Misr Aluminum Company approved the report of the board of directors and the financial statements for the last fiscal year.
The company said in a statement to the Egyptian Stock Exchange today, Tuesday, that the general assembly decided to distribute a cash coupon to shareholders at the rate of 4.5 pounds per share for the profits of the last fiscal year.
The general assembly decided to vacate the board of directors for the period, while accepting the resignation of Khaled Qadri Al-Sayed from the membership of the board of directors, and the appointment of Mahmo Abdel-Alim Mahmoud and Zainab Hisham Mahmoud Ahmed as acting board member of the company.
It is noteworthy that Egypt Aluminum recorded a net profit of 2.5 billion pounds during the period from July 2021 to June 2022, compared to profits of 28.27 million pounds in the comparable fiscal year.
The company’s revenues rose during the last fiscal year to 14.48 billion pounds, compared to revenues of 11.36 billion pounds in the previous fiscal year.
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