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TransOceans Tours decides to freeze 2014 dividends

TransOceans Tours decides to freeze 2014 dividends
Photo Credit: Arabianeye-Reuters
Trans Oceans Tours
TRTO
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Cairo-Mubasher: In an ordinary general meeting held Sunday, shareholders of TransOceans Tours approved withholding of dividends for the fiscal year 2014, the company said in a bourse filing Monday.

Shareholders also ratified financial statements for the same year.

The tours company posted a 45.7% decline in 2014 net profits to EGP 934,700 ($122,500), compared with EGP 1.7 million ($223,000) a year earlier.