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South Valley Cement pays EGP0.10/share coupon installment today

South Valley Cement pays EGP0.10/share coupon installment today
South Valley Cement
SVCE
-2.56% 1.90 -0.05
South Valley Cement Co. (SVCC) announced that coupon No. 3 will be paid at EGP 0.20 per share in two equal installments on July 27 and October 27 respectively.
Shareholders of record till the close of trading on Monday, July 21, 2014 will be entitled to the dividend distribution.
The company’s financial statements for Q1 showed EGP 31.402 million net profit, with 7.6% growth compared with EGP 29.179 million net profit in the same period a year earlier.
FY13 profit had netted EGP 122.5 million, with 14.6% growth year-over-year from EGP 106.9 million net profit in FY12. The company’s cement sales increased to EGP 553.1 million, compared with EGP 505.4 million in FY12. SVCC operates with issued and paid-in capital of EGP 2.4 billion, divided into 482.3 million shares at EGP5 par value each.