The board of Arabian Cement Co. endorsed on Wednesday the distribution of cash dividend for H1-14 at EGP 100.4 million, or EGP 0.26 per share.
The board also approved financial indicators for the nine-month period ended on September 30, 2014.
These indicators showed EGP 209.6 million net profit, representing a decline by 32% compared with EGP 309.4 million net profit in the same period a year earlier.
Total revenues amounted to EGP 1.8 billion, compared with EGP 1.5 billion in the year-ago period.
The company’s consolidated financial statements for H1-14 had indicated EGP 107.9 million net profit. Meanwhile, standalone financial results showed EGP 106.7 million net profit. Q1-14 consolidated financial results showed EGP 117 million. FY13 financial results had reflected EGP 419.3 million.