Cairo – Mubasher: Canal Shipping Agencies’ board of directors recommended a cash dividend distribution of EGP 148.29 million to shareholders for fiscal year (FY) 2021/2022, subject to the approval of the company’s ordinary general meeting (OGM).
The EGX-listed firm proposed disbursing EGP 0.74 per share in cash dividends for the previous FY, according to a bourse filing on Wednesday.
During the period from July 2021 to June 2022, Canal Shipping Agencies registered EGP 179.81 million in net profits, down from EGP 200.19 million a year earlier.
On the other hand, the company’s revenues grew to 74.40 million in FY21/22 from EGP 53.95 million in FY20/21.
