Cairo – Mubasher: Eastern Co.’s board of directors recommended a cash dividend distribution of EGP 1 per share for fiscal year 2018/2019.

The board proposed distributing dividends of EGP 2.25 billion to shareholders for the last fiscal year, the tobacco manufacturer said in a statement to the Egyptian Exchange (EGX) on Wednesday.

The company’s capital reaches EGP 2.25 billion, distributed over EGP 2.25 billion shares at a nominal value of EGP 1 apiece.

During the twelve-month period ended 30 June, Eastern Co.’s profit fell by 11.96% year-on-year, registering EGP 3.73 billion.