Cairo – Mubasher: The board of directors of the Egyptian Transport and Commercial Services Co (Egytrans) recommended a cash dividend of EGP 31.2 million or EGP 1 per share to be distributed on 30 April.
Dividends will be distributed over two payments amounting to EGP 7.8 million and EGP 23.4 million, the company said in a statement to the Egyptian Exchange (EGX) on Tuesday.
In addition, the board also agreed to allocate retained earnings of EGP 27.96 million.
It is noteworthy that for the full-year 2019, Egytrans reported net profits of EGP 31.8 million, compared to EGP 41.7 million a year earlier.
