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October Pharma's shareholders approve dividends, delay bonus issue

October Pharma's shareholders approve dividends, delay bonus issue
The company logged net profits of EGP 88.26 million in 2020
October Pharma
OCPH
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Cairo – Mubasher: The ordinary general meeting (OGM) of October Pharma approved a cash dividend of 30% of the capital or EGP 3 per share for 2020.

The shareholders also decided to postpone the issuance of bonus shares for further consideration, the company said in a bourse disclosure on Sunday.

In March, the board of directors recommended distributing cash dividends of EGP 3 per share as well as two bonus shares for every share held for 2020.

In 2020, the company logged net profits of EGP 88.26 million, up from EGP 33.8 million a year earlier.