Cairo – Mubasher: The ordinary general meeting of Arafa for Investment and Consultancies approved the financial statements and results for the fiscal year ended 31 January 2016, said the company in a bourse filing.
The ordinary meeting decided to withhold cash dividend distribution and declined the proposal of bonus share distribution.
On an annual basis, the company earned $12.45 million in 2015/16 compared to $12.4 million a year earlier.
It further reported unconsolidated losses of $496,200 (EGP 3.89 million) for the fiscal year 2014/15, against profits of $595,600 (EGP 4.67 million) for the previous year.
The firm’s fiscal year starts on the first of February and ends on 31 January.
