Cairo – Mubasher: Modern Shorouk Printing and Packaging’s ordinary general meeting (OGM) has approved to distribute cash dividends of 50 piasters per share for fiscal year 2016.

The OGM also adopted the financial statements for the year ended 31 December 2016, in addition to the board's and auditor’s reports on the year, according to a bourse filing.

The company’s profits for FY16 reached EGP 31.5 million.

By 10:22 am Cairo time, the stock grew 1.09% to EGP 13.