Cairo – Mubasher: The extraordinary general meeting (EGM) of Al Ezz Dekheila Steel – Alexandria has approved the cash dividend distribution of EGP 534.5 million to shareholders for the fiscal period ended 30 September 2018.
The EGM has approved the board of directors’ and auditors’ report on the financial statements of the Company during the period, the company said in a filing to the Egyptian Exchange (EGX) on Sunday.
In November, Al Ezz Dekheila Steel’s board of directors proposed the distribution of EGP 534.5 million dividends to shareholders for the third quarter of 2018 at EGP 40 per share.
The EGX-listed firm previously posted a 316% year-on-year hike in its consolidated profits for the first nine months of 2018.
Net profit amounted to EGP 996.5 million in the period from January to September, compared to EGP 239.5 billion the year-ago period.
Sales grew to EGP 30.9 billion at the end of September, versus EGP 24.3 million in the corresponding nine-month period of 2017.
