Cairo-Mubasher: Edita Food Industries will hold its ordinary general meeting on 30 March, to discuss the proposed dividends and bonus share distribution for 2015.
The board earlier recommended cash dividends for 2015 at EGP 0.223 a share and a one-for-one bonus share distribution.
Shareholders will also review financial statements and the board's report for 2015.
The extraordinary general meeting will also consider raising the issued and paid-in capital to EGP 145.5 million from EGP 72.5 million. The EGP 72.5 million increase is divided into 362.7 million shares at a par value of EGP 0.20 each.
FY15 consolidated earnings increased 30.9% to EGP 370.9 million, compared with EGP 283.4 million a year earlier.
Meanwhile, standalone net income for the same fiscal year declined 9.5% to EGP 265.9 million from EGP 293.9 million in 2014.
The stock rose 4.2% to EGP 30.21 at 11:41am on Thursday.
