Cairo – Mubasher: Paint and Chemicals Industries (PACHIN) said Monday that the ordinary general meeting approved increasing cash dividend distribution to EGP 2 from EGP 1.5 per share for the fiscal year 2015/16, according to a bourse statement.
The total dividend distribution thus rose to EGP 48 million for 2015/16 rather than EGP 36 million, the statement revealed.
The company is capitalized at EGP 240 million, divided into 24 million shares at EGP 10 each.
The company registered EGP 78.49 million profits for 2015/16, higher 70.7% year-on-year from EGP 45.97 million.
