Cairo – Mubasher: El Nasr Transformers and Electrical Products Company’s (ELMACO) board of directors recommended withholding cash dividends for the fiscal year 2015.
The company set 31 March for its ordinary general meeting (OGM) to discuss the financial statements for the fiscal year ended on 31 December 2015.
ELMACO’s net profit declined in 2015 by 39% to EGP 15.3 million ($1.954 million) from EGP 25.2 million ($3.219 million) in 2014.
The company’s share rose in today’s session by 0.21% to EGP 4.72 ($0.60), as 509,000 shares were traded.
