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RAPCO shareholders OK 10% cash dividends

RAPCO shareholders OK 10% cash dividends
Poultry farm (Photo Credit: Arabianeye - Reuters)
RAPCO Investment
RAPCO
-1.18% 1.68 -0.02

Abu Dhabi – Mubasher: Ras Al Khaimah Poultry & Feeding Co. (RAPCO) said Monday shareholders gave a  nod to the distribution of cash dividends at 10 fils per share.

The company stated earlier that it would distribute cash dividends at 10% of capital, at a total value reaching AED 8.61 million.

Shareholders also ratified financial results, as well as the board and auditor’s reports for the fiscal year 2015.

RAPCO’s FY15 net profits rose by 4.8% year-on-year to AED 22.82 million, from AED 21.8 million.