Cairo – Mubasher: General Company for Ceramic and Porcelain Products (Sheeni) reported a decline in its profits for the fiscal year 2015/16 and recommended cash dividend payout, a bourse filing revealed.
The company earned EGP 11.4 million, lower 43.3% year-over-year from EGP 20.1 million, according to a bourse filing citing he audited profits after tax.
The board of directors proposed cash dividend distribution at 5 piasters per share, totaling EGP 2.5 million, the bourse statement indicated.
By 12.50pm Cairo time, the stock quote was 0.6% lower to EGP 3.29 a share.
