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EIPICO’s shareholders approve EGP 4/shr dividends for 2019

EIPICO’s shareholders approve EGP 4/shr dividends for 2019
EIPICO’s net profits fell to EGP 671.4 million in 2019
EIPICO
PHAR
0.36% 47.17 0.17

Cairo – Mubasher: The ordinary general meeting (OGM) of the Egyptian International Pharmaceutical Industries (EIPICO) approved procedures to distribute cash dividends for 2019.

The company’s shareholders decided to distribute EGP 4 per share as dividends, totalling EGP 396.68 million for last year’s earnings, according to a bourse statement on Sunday.

During 2019, EIPICO’s net profits fell to EGP 671.4 million from EGP 701.3 million a year earlier.