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 financial year.
The company said today, Tuesday, in a statement to the Egyptian stock exchange, that the general meeting has decided to distribute a cash coupon to shareholders at the rate of £ 4.5 per share for the profits of the last fiscal year.
The general assembly decided to leave the board of directors for the period, accepting the resignation of Khaled Qadri Al-Sayed from the position of board member and the appointment of Mahmo Abdel-Alim Mahmoud and Zainab Hisham Mahmoud Ahmed as board of directors interim member of the company.
Interestingly, Egypt Aluminum posted a net profit of £ 2.5 billion in the period from July 2021 to June 2022, compared to profits of £ 28.27 million in the comparable fiscal year.
The company’s revenues increased during the last fiscal year to £ 14.48 billion, compared with revenues of £ 11.36 billion in the previous fiscal year.