The board of South Cairo & Giza Mills & Bakeries has proposed the distribution of cash dividend at EGP 2.65 per share, totaling EGP 7.950 million.
Financial highlights for the fiscal year that ended on June 30, 2014 showed a decline in net profit by 2.9% to EGP 15.8 million, compared with EGP 16.2 million a year earlier.
H1-13/14 net profit had reached EGP 15 million, compared with EGP 6 million in the same period a year earlier.
The company is capitalized at EGP 30 million, divided into 3 million shares at EGP 10 par value each.