Cairo – Mubasher: Lecico – Egypt’s ordinary general meeting (OGM) approved Thursday the financial results of the fiscal year 2015 and the board of director’s proposal to freeze dividends for 2015 after a decline in sales.
The OGM also adopted the board and auditor’s report on the company’s activates during the year, according to a bourse filing.
Lecico’s consolidated net losses reached EGP 65.85 million ($7.42 million) in 2015, against net profits of EGP 94 million ($10.59 million) a year earlier.
