The ordinary general meeting of Al Ezz Dekheila Steel Co. - Alexandria (EZDK) approved on Wednesday, October 1, 2014, the financial statements, as well as the board and auditors’ reports, for the fiscal year that ended on June 30, 2014.
Shareholders raised the proposed cash dividend for H1-14 to EGP 15 from EGP 10.
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.