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Emirates Refreshments plans 5% cash dividends

Emirates Refreshments plans 5% cash dividends
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ERC
ERC
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Dubai-Mubasher: Emirates Refreshments Co.  said its board recommended cash dividends for 2015 at 5 fils a share, totalling AED 1.5 million.

The proposal will be discussed in the upcoming general meeting which will be held on 14 April.

FY15 earnings rose 320% to AED 4.2 million, compared with AED 1.01 million a year earlier.

The company operates with AED 30 million capital, divided into 30 million shares at a par value of AED 1 each.