Cairo – Mubasher: The Arab Ceramic Co. - Ceramica Remas announced that its board of directors approved a cash dividend of EGP 26.95 million for 2020’s earnings.
The decision will be referred to the ordinary general meeting (OGM) on 31 March for approval, the company said in a bourse disclosure on Sunday.
Moreover, the company’s extraordinary general meeting (EGM) will also convene on 31 March to decide on a proposal to increase the authorised capital to EGP 300 million from EGP 200 million.
Over the course of 2020, the company logged EGP 30.53 million in net profits, compared to EGP 18.64 million a year earlier.
Sales retreated to EGP 640.16 million last year from EGP 789.8 million in 2019.
