Cairo – Mubasher: Cairo For Investment and Real Estate Development’s ordinary general meeting (OGM) approved a cash dividend distribution of EGP 0.0687 a share with a total amount of EGP 40 million from the retained earnings for fiscal year ended 31 August 2018.
Shareholders also recommended a cash dividend distribution of EGP 25 million for fiscal year ended on 31 August 2019, according to a statement to the Egyptian Exchange (EGX) on Monday.
The company’s fiscal year begins in September and ends in August.
During the nine-month period ended 31 May, the company’s net profits surged to EGP 231.56 million, compared to EGP 165.39 million in the year-ago period.
