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Electro Cable approves bonus share distribution

Electro Cable approves bonus share distribution
Photo Credit: Arabianeye-Reuters
Electro Cable
ELEC
-5.07% 2.06 -0.11

Electro Cable–Egypt’s ordinary general meeting approved a bonus share distribution at a ratio of one  for 20.

The company’s net profits jumped four-fold in 2014, reaching EGP 43.7 million.

Electro Cable is capitalised at EGP 496.4 million, divided into 496.4 million shares at EGP 1 par value each.