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ELMACO shareholders approve EGP0.15/shr dividend

ELMACO shareholders approve EGP0.15/shr dividend
ELMACO
NASR
0.00% 16.00 0.00
The ordinary general meeting of Al-Nasr Transformers & Electric Products (ELMACO) approved on Sunday endorsed the board and auditor’s reports as well as financial statements and dividend plan for the fiscal year that ended on December 31, 2013.
The approved dividend amounted to EGP 0.15 per share, to be paid in four equal installments. The company had posted 22.58% growth in FY13 net profit to EGP 24.5 million, compared with EGP 20 million net profit reported a year earlier.