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Cairo - Mubasher: The Ordinary General Meeting of Misr Chemical Industries Company decided to increase the value of cash dividends to shareholders for the fiscal year 2017-2018. The company said in a statement to the Egyptian Stock Exchange on Sunday that the assembly approved the distribution of 71.5 million pounds to shareholders by 1.1 pounds per share. The Board approved the financial statements and the report of the Board of Directors and the auditors for the period ended June 2018. At the level of the Extraordinary General Assembly Resolutions, the amendments to Articles 21 and 31 of the Company 's Articles of Association were approved. Last month, the board of directors of Misr Chemical Industries proposed a cash dividend of 65 million pounds for the fiscal year 2017-2018, a pound per share. The company posted a profit of LE 15.24 million during the two months ended August, compared to a profit of LE 22.12 million for the comparable period of 2017. The company posted a profit of 12 million pounds last July, against a profit of 9.6 million pounds in the comparative month of 2017. The company 's financial statements showed that it achieved a profit of LE100 million during 2017-2018, compared to a profit of LE 208.04 million in the previous fiscal year.