Cairo – Mubasher: The ordinary general meeting of Misr Cement – Qena approved the distribution of cash dividends of EGP 3 per share, the company said in a bourse filing Sunday.
The company’s unconsolidated financial statements showed earlier a decline of 15% in net profits for 2015 to EGP 266.2 million, down from EGP 312.9 million in the previous year.
Shareholders also gave the go-ahead for signing compensation contracts with Misr Insurance Co., ASEC Ready Mix and South Upper Egypt for Plastic Bags Manufacturing, amounting to EGP 2.76 million, EGP 42 million and EGP 61 million respectively.
