Cairo – Mubasher: Palm Hills Development (PHD) board of directors recommended the distribution of cash dividends at EGP0.15 per share and bonus shares at 1-for-20 for the fiscal year 2015, the company said.
The annual general meeting is likely to be held next March to consider the proposed cash dividends and bonus share distribution, PHD added.
The company’s FY15 net earnings doubled more than one and a half times year-over-year, reaching EGP1.06 billion.
