Cairo – Mubasher: The board of directors of Heliopolis Company for Housing approved the distribution of cash dividends at EGP 1.35 per share, or EGP 150.197 million, for the first half of 2015/2016.
Shareholders earlier gave a nod to reducing the proposed dividends for the fiscal year FY14/15 to EGP 1.25 a share from EGP 1.48 per share, to be paid over two installments.
The real estate developer posted an increase of 189% in net profits for the first half of the fiscal year 2015/16.
