Al Ezz Dekheila Steel Co. - Alexandria (EZDK) invited shareholders to attend an ordinary general meeting scheduled for Wednesday, October 1, 2014, to look into ratifying the financial statements, as well as the board and auditors’ reports, for the fiscal year that ended on June 30, 2014.
The board had 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.