Cairo – Mubasher: The board of directors of Mansoura Poultry gave a nod to distributing cash dividends for FY15 at EGP 1.5 per share, at a total amount of EGP 8.685 million or 15% of company’s capital.
The dividend proposal will be discussed in the coming ordinary general meeting scheduled for 26 March.
The firm said its net profits declined 51.6% in 2015 to EGP 13.2 million, down from EGP 27.2 million a year earlier.
Shareholders earlier reduced the stock’s value from EGP 10 to EGP 4, and kept the company’s issued capital unchanged at EGP 57.9 million.
