Cairo – Mubasher: The board of directors of MM Group for Industry and International Trade recommended distributing bonus shares to shareholders for 2019’s earnings.
Total proposed dividends amounted to EGP 95.9 million by issuing 0.25 bonus share for every share held, the company said in a statement to the Egyptian Exchange (EGX) on Thursday.
The board also proposed allocating retained earnings of EGP 597.55 million for 2020.
The company’s capital reaches EGP 383.625 million, distributed over 618.75 million shares at a nominal value of EGP 0.62 apiece.
It is noteworthy that during 2019, the company’s net profits hiked by 69.4% to EGP 459 million from EGP 271 million in 2018.
