Cairo – Mubasher: Pyramisa Hotels and Resorts on Sunday said its ordinary general meeting (OGM) approved dividends to shareholders at EGP 1 per share, totalling EGP 21.6 million for the fiscal year ended 31 December 2016.
The OGM also approved the audited financial statements for 2016 with a net profit of EGP 65.7 million versus EGP 37.5 million in 2015, registering a surge of 75.5%, according to a filing to the Egyptian Exchange (EGX).
The approvals also involved dividends to employees totalling EGP 2.1 million and around EGP 650,000 to board members.
The company previously reported a 7% increase in its consolidated profits to EGP 60.38 million in 2016, compared to EGP 56.39 million for FY15.
Pyramisa's stock remained unchanged at EGP 20.93 in Sunday's early trades.
