Cairo – Mubasher: Suez Canal Technology Settling delayed paying out cash dividends at 10% of capital on two equal installments.
The first payment, which was scheduled for 10 April, will be effected on 29 June.
The second installment was postponed to the first of September, instead of 29 June.
Earlier, the ordinary general meeting approved distributing 2015 dividends over two equal payments on 10 April and 29 July 2016.
However, the company logged revenues lower than the estimated figures upon the date of the ordinary meeting.
Moreover, the board agreed on the contract made to codify the link between the company and October 6 University, pending the approval of shareholders.
Earlier, the company said its net profit after tax for 2015 moved down to EGP120.62 million from EGP161.61 million in 2014.
