Cairo – Mubasher: The ordinary general meeting of Egyptian Satellites approved paying out FY15 cash dividends at 60 cents, or 12% of capital, totaling $22.4 million (EGP198.4 million), according to a bourse filing.
The company is capitalized at $186.6 million, distributed over 37.3 million shares at a par value of $5 each.
The company indicated that total retained earnings for the coming fiscal year reached $203.7 million.
The ordinary meeting also ratified the financial statements of the fiscal year 2015.
During 2015, the company’s profits rose 24% year-over-year to $91.5 million from $73.8 million
