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Nile Pharmaceuticals shareholders approve EGP 0.73 dividend payout

Nile Pharmaceuticals shareholders approve EGP 0.73 dividend payout
Photo Credit: Arabianeye-Reuters
Nile Pharmaceuticals
NIPH
-2.21% 80.02 -1.81

Cairo - Mubasher: The shareholders of Nile Pharmaceuticals and Chemical Industries-Nile Co. approved to raise the dividend payout proposal for the fiscal year 2014/15, from EGP 0.58 to EGP 0.73.per share.

Shareholders also ratified the board of directors' report regarding the company's performance in the same fiscal year, as well as the company's financial statements for the same year.

The drug firm saw an increase of 5% to EGP 18 million in net profits for the FY14/15, compared with EGP 17.13 million for the previous year.

The company is capitalised at EGP 101.3 million, distributed across 10.1 million shares at EGP 10 par value each.