National for Maize Products

NCMP is the first company in Egypt and the Middle East involved in Corn Wet Milling industry for the production of various types of Fructose and Glucose syrups produced by enzymatic convention, starches and modified starches for pharmaceutical, food, textile and paper industry. The company was founded in 1981 with a total investment capital of $55 million. Production started in 1988, capacity of 80000 ton of HFCS annually , the product is distributed to soft drinks bottlers, confectioneries and bakeries.
Financial Performance:
NCMP posted a net profit of EGP45.4 Million for the first 9 months of 2011 vs. EGP63.8 Million for the same period of 2010. NCMP also announced that the EGP 0.996 per share, which will be distributed as an additional amount for the fiscal year 2010 cash dividend, will be paid on December 28, 2011. The dividend date is December 25, 2011