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Arab Dairy shareholders freeze FY15 dividends

Arab Dairy shareholders freeze FY15 dividends
The company earned EGP4.9 million in 2015 (Photo Credit: Reuters)
Arab Dairy-Panda
ADPC
-2.44% 3.60 -0.09


Cairo – Mubasher: The ordinary general meeting (OGM) of Arab Dairy Products approved 2015 financial statements.

The company also approved freezing 2015 cash dividends.

The company turned into losses in 2015, reporting EGP4.9 million profits against EGP40.7 million profits in 2014.

Yesterday, the stock closed 8.5% higher to EGP95 per share.