News

Cairo - Mubasher: The Egyptian Stock Exchange (EGX) said that it will end the right to distribute the Egyptian Misr Chemical Industries (COC) coupon on Tuesday, October 23. The company said in a statement on Tuesday that it had decided to distribute coupon No. (56) at LE 1.10 per share as of October 28. The general assembly of the company approved at the end of last September, increase the value of cash dividends to shareholders for the financial year 2017-2018, through the distribution of 71.5 million pounds to shareholders by 1.1 pounds per share. The company posted a profit of LE 15.24 million during the two months ended August, compared to a profit of LE 22.12 million for the comparable period of 2017. The company posted a profit of 12 million pounds last July, against a profit of 9.6 million pounds in the comparative month of 2017. The company 's financial statements showed that it achieved a profit of LE100 million during 2017-2018, compared to a profit of LE 208.04 million in the previous fiscal year.