Cairo – Mubasher: Egyptian Transport and Commercial Services Co’s (Egytrans) ordinary general meeting (OGM) has approved a cash dividend distribution of EGP 1 per share to shareholders for fiscal year 2018.
The dividends will be paid over two equal tranches by 50% each on 30 April and 30 June, Egytrans highlighted to the Egyptian Exchange (EGX) on Sunday.
The OGM has also endorsed 2018 financial statements and the board’s and audit’s reports for the last-year business.
In February, Egytrans reported a net consolidated profit of EGP 41.8 million for the full-year ended 31 December 2018, versus EGP 77.25 million in 2017.
The company’s sales dropped to EGP 277.8 million last year, versus EGP 352.29 million in 2017.
