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Record date for Canal Shipping cash dividend Nov 10

Record date for Canal Shipping cash dividend Nov 10
Canal Shipping Agencies
CSAG
-2.04% 18.74 -0.39
Canal Shipping Agencies Co. announced that coupon No. 39 will be paid at EGP 0.127655262 per share as of November 13 to shareholders of record till the close of trading on Monday, November 10.
The company’s board had endorsed financial indicators for the three-month period that ended on September 30, 2014, which mirrored EGP 7.3 million net profit, with a jump by 85% compared with EGP 3.9 million net profit reported in the same period a year earlier.
Q1 total revenues amounted to EGP 15.2 million, compared with EGP 12.7 million in Q1-13/14.
Financial highlights for the fiscal year that ended on June 30, 2014, which showed a rise by 1% to EGP 33.5 million, compared with EGP 33.183 million a year earlier.
The company’s financial statements for the nine-month period from July 2013 to March 31, 2014 had shown that net profit fell 45% to EGP 19.2 million from EGP 35 million in the same period of fiscal year 2012/2013.
The company operates with issued and paid-in capital of EGP 200 million, divided into 200 million shares at EGP 1 par value each.