The ordinary general meeting of Dice Sport & Casual Wear approved cancelling a decision of dividend payout in light of the company’s future expansions and talks over acquisition of peer companies to boost productivity.
The company had reported a 87% rise in H1-14 consolidated net profit to EGP 7.9 million, compared with EGP 4.2 million in the same period a year earlier.
H1 non-consolidated financial results had shown that net profit rose 94% to EGP 7.6 million, from EGP 3.9 million in the year-ago period.
Q1-14 standalone financial results had shown that net profit rocketed 1547% to EGP 5.1 million, from EGP 312.1 thousand net profit reported in the same period a year earlier. FY13 net profit had reached EGP 10.57 million, against EGP 1.19 million net loss in FY12.