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Egyptalum shareholders OK EGP1.4/share cash dividend

Egyptalum shareholders OK EGP1.4/share cash dividend
Egypt Aluminum
EGAL
-2.75% 93.36 -2.64
The ordinary general meeting of Egypt Aluminum (Egyptalum) endorsed yesterday the financial statements and board report for the fiscal year that ended on June 30, 2014.
The meeting also gave a nod to the distribution of cash dividend for FY13/14 at EGP 1.4 per share.
The company’s board had ratified the statement of financial position for the fiscal year 2013/2014, which showed EGP 153.223 million net profit, compared with EGP 1.251 million net profit a year earlier.
The board also endorsed the board report on business activities for FY13/14, as well as the audit committee’s report for the same FY.