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South Cairo Mills shareholders OK EGP2.7/share dividend

South Cairo Mills shareholders OK EGP2.7/share dividend
The ordinary general meeting of South Cairo and Giza Flour Mills and Bakeries approved on Monday, Nov. 17, the board’s report and statement of financial position for the fiscal year ending on June 30, 2014.
The company’s FY13/14 net earnings reached EGP 15.8 million, compared with EGP 16.2 million a year earlier, a decline of 2.9%.
Shareholders also approved the board’s proposal for paying cash dividend at EGP 2.7 per share. The EGX-listed company operates with EGP 30 million capital, divided into 3 million shares at EGP 10 par value each.