The board of Al Ezz Dekheila Steel Co. - Alexandria (EZDK) has proposed the distribution of cash dividend for H1-14 at EGP 133.644 million, or EGP 10 per share.
The company’s consolidated net profit of EGP 38.6 million for H1-14 fell by 94.5% compared with EGP 705.3 million net profit in the same period a year earlier.
Meanwhile, standalone financial results for the same period showed EGP 183.6 million net profit, compared with EGP 696.9 million in H1-13.
FY13 net profit had grown 46% to EGP1.15 billion, compared with EGP 792 million in FY12.