The ordinary general assembly of North Cairo Mills and Bakeries, an Egyptian company, has approved the distribution of a cash dividend to shareholders. The assembly adopted the board of directors' report and the company's financial statements for the fiscal year ending June 30, 2026. The decision was made during a meeting where shareholders discussed the company's performance and future plans. North Cairo Mills and Bakeries operates in the food industry, providing essential goods to the Egyptian market.
According to the company's disclosure to the Egyptian Stock Exchange, the general assembly approved the allocation of 24.075 million Egyptian pounds for shareholder distributions. This translates to a cash dividend of 2.25 pounds per share. The decision reflects the company's commitment to rewarding its shareholders for their investment. The assembly also discussed other key financial matters, including the company's revenue and profit figures for the fiscal year.
In addition to the dividend distribution, the general assembly approved several other financial decisions. The company will allocate 21.5 million pounds as a collective bonus for its employees for the fiscal year 2025-2026. Furthermore, the assembly approved the distribution of 16 million pounds to employees and 3 million pounds as a bonus for the board of directors. These decisions demonstrate the company's efforts to prioritize its employees and stakeholders.
North Cairo Mills and Bakeries has reported a decline in its net profit for the fiscal year 2025-2026. According to unaudited financial indicators, the company's net profit after tax decreased by 22.61% year-over-year. The company recorded a net profit of 49.67 million pounds for the fiscal year ending June 30, 2026, compared to 64.18 million pounds in the previous fiscal year. This decline may be attributed to various market and economic factors.
Despite the decline in net profit, the company's sales revenue showed a slight increase. North Cairo Mills and Bakeries reported sales of 1.167 billion pounds for the fiscal year 2025-2026, up from 1.163 billion pounds in the previous fiscal year. This growth in sales may indicate a positive trend for the company's operations and market presence.
A comparison of the company's financial performance between the fiscal years 2024-2025 and 2025-2026 reveals some notable changes. The company's net profit decreased from 64.18 million pounds to 45.81 million pounds during this period. However, the company's revenue remained relatively stable, with a slight increase in sales. These changes may reflect the company's efforts to adapt to market conditions and optimize its operations.
North Cairo Mills and Bakeries continues to operate in a competitive market, providing essential goods and services to Egyptian consumers. The company's decisions regarding dividend distribution and employee benefits demonstrate its commitment to its stakeholders. As the company moves forward, it will likely focus on maintaining its market presence and improving its financial performance.
Key points
- North Cairo Mills and Bakeries approves a cash dividend of 2.25 pounds per share for shareholders.
- The company's net profit declined by 22.61% year-over-year for the fiscal year 2025-2026.
- North Cairo Mills and Bakeries reported a slight increase in sales revenue for the fiscal year 2025-2026.
