Cairo – Mubasher: The ordinary general meeting of Edita Food Industries gave the green light to distributing cash dividends as well as 1-for-1 bonus shares for 2015.
The ordinary meeting approved paying out dividends at EGP0.223 per share, totaling EGP153.6 million.
The extraordinary general meeting agreed on increasing the company’s capital to EGP145.07 million from EGP72.5 million, distributed over 362.7 million shares at EGP0.20 par value each.
In 2015, the company’s consolidated profits grew 30.9% year-over-year to EGP370.9 million from EGP283.4 million.
Meanwhile, its 2015 standalone profits declined by 9.5% year-on-year to EGP265.9 million from EGP293.9 million.
