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Record date for Pachin EGP3.5/share dividend Nov 5

Record date for Pachin EGP3.5/share dividend Nov 5
Pachin
PACH
0.00% 39.80 0.00
Paints & Chemical Industries Co. (Pachin) announced that coupon No. 21 will be paid at EGP 3.5 per share as of November 10 to shareholders of record till the close of trading on Wednesday, November 5.
The company’s ordinary general meeting had approved financial statements, as well as the distribution of cash dividend for the fiscal year 2013/2014 at EGP 3.5 per share.
The company posted consolidated financial results for the fiscal year that ended on June 30, 2014, showing a decline in net profit by 23% to EGP 74.4 million, from EGP 96.8 million a year earlier.
Standalone net profit amounted to EGP71.4 million, compared with EGP 82.29 million in FY12/13.
Financial results for the nine-month period that ended on March 31, 2014 had shown a 17% drop in net profit to EGP 54.9 million, compared with EGP 66.7 million net profit in the same period a year earlier. The company’s financial results for the period July-December, 2013 had shown EGP 45.24 million net profit after tax and minority interest, compared with EGP 48.46 million in the same period a year earlier.