Cairo - Mubasher: The ordinary general meeting of International Agricultural Products decided to withhold dividend payout for the fiscal year ended June 2015, and to defer it to next year.
Meanwhile, the shareholders meeting approved the board of directors' report regarding the company's performance in the fiscal year 2014/15, as well as the company's financial statements for the same year.
Notably, the firm turned to profitability in FY14/15, as it posted net profits of EGP 483,500 against losses of EGP 1.4 million in the previous year.
The company is capitalised at EGP 168.1 million, distributed across 84.036 million shares at EGP 2 par value each.
