Cairo – Mubasher: Arabian Cement’s ordinary general meeting (OGM) approved Wednesday distributing dividends at EGP0.53 per share for the fiscal year 2015.
The meeting also ratified the financial statements and the board’s report for the same fiscal year.
Moreover, shareholders appointed Generoso Agustin as chairman, Ricardo Ibañez as a vice-chairman and Jose Maria as a managing director.
The company’s consolidated profits for 2015 declined 26% year-over-year to EGP277.2 million from EGP374.7 million.
Meanwhile, the unconsolidated profits fell 22.4% year-over-year to EGP289.4 million from EGP373.1 million.
