Cairo – Mubasher: Edita Food Industries’ Board of Directors proposed cash dividend distributions of EGP 85 million, or EGP 1.17 per share, to shareholders for 2017 profits.
The board suggested retaining EGP 7.7 million for the legal reserve to reach EGP 56.4 million, the company added in a filing to the Egyptian Exchange (EGX) on Tuesday.
Edita’s capital amounts to EGP 145.07 million distributed over 725.36 million shares at a par value of EGP 0.20 per share.
The Egypt-based confectionery maker posted an EGP 243 million profits in 2017, up from EGP 168.17 million a year earlier.
