Abu Dhabi - Mubasher: United Food Company (UFC) shareholders approved on Thursday distributing cash dividends and bonus shares for 2015.
The bonus shares were decided on a 10-for-100 basis or at 20% of capital.
Total cash dividends amount to AED 2.75 million, the same payout for 2014.
UFC’s capital amounts AED 27.5 million divided into 27.5 million shares at par value of AED 1 each.
The foods company’s net profit grew by 72.2% in 2015 to AED 27.78 million, compared with AED 16.13 million a year earlier.
The company's profits rose in the fourth quarter of last year by 25.2% to AED 5.53 million ($1.51 million), compared to AED 4.43 million (AED 1.21 million) in the same period of 2014.
