Misr Cement - Qena
MCQE
-0.57%
20.75
-0.12
MCQE
Cairo – Mubasher: Misr Cement – Qena’s standalone profits for the fourth quarter of fiscal 2015 increased 64.94% to EGP 57.22 million, compared to EGP 34.69 million for Q4-15.
Standalone profits declined in fiscal 2016 by 29.9% to EGP 186.56 million from EGP 266.21 million for 2015, according to a bourse filing.
The company’s board approved a proposal to pay cash dividends of EGP 2 per share for the year.
Foreign exchange losses amounted to EGP 1.88 million.
Source:
Mubasher