Mubasher - Cairo: Paint and Chemicals Industries (PACHIN) will hold its ordinary general meeting (OGM) on 27 November to discuss distributing dividends to shareholders.
The proposed distribution is of EGP 1.5 per share, totalling EGP 36 million for the fiscal year of 2016 ending in June.
The company's capital amounts to EGP 240 million, distributed over 24 million shares at a par value of EGP 10 per share.
The consolidated profits reached EGP 78.49 million during the fiscal year of 2015-2016, compared to EGP 45.97 million for the previous year, with a 70.7% hike.
PACHIN stock rose 7.84% to EGP 20.50 on Wednesday.
