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Record date for Edita dividends 18 April

Record date for Edita dividends 18 April
EGP72.5 million is added to the paid-in and issued capital (Photo Credit: Reuters)
Edita
EFID
-1.97% 28.39 -0.57

Cairo – Mubasher: Edita Food Industries said shareholders of record until 18 April would receive FY15 cash dividends starting from 21 April 2016.

Earlier, the ordinary meeting approved paying out dividends at EGP0.223 per share, totaling EGP153.6 million.

The extraordinary general meeting agreed on increasing the company’s capital to EGP145.07 million from EGP72.5 million, distributed over 362.7 million shares at EGP0.20 par value each. 

In 2015, the company’s consolidated profits grew 30.9% year-over-year to EGP370.9 million from EGP283.4 million.

Meanwhile, its 2015 standalone profits declined by 9.5% year-on-year to EGP265.9 million from EGP293.9 million.