Cairo – Mubasher: Kahira Pharmaceuticals' ordinary general meeting (OGM) agreed on distributing EGP 1.65 per share as cash dividends for the fiscal year 2015/16, according to a bourse filing on Sunday.
In 2015/16, the company earned EGP 51.3 million, compared with EGP 43.4 million a year earlier.
Moreover, the extraordinary general meeting approved transferring the right of the land located in 6th of October City to HoldiPharma Company due to lack of liquidity and the infeasibility of establishing a new plant in this area.
The investment cost of this land plot amounts to EGP 15.3 million, of which the holding company paid EGP 10 million as well as EGP 3.9 million expenditures.
The sock quote closed at EGP 19 on last Thursday.
