Edita Food Industries - Proposed dividend distribution chart for the fiscal year ending December 31, 2017
Cairo, March 4, 2018
In light of the Ordinary General Meeting invitation of Edita Food Industries SAE set to convene on Tuesday, March 27, 2018 as disclosed and published in two newspapers, Edita Food Industries SAE announces the proposed dividend distribution chart for the fiscal year ending December 31, 2017:
|
Amount in EGP |
Description |
131,313,589 |
Net profit for the year |
700,522,753 |
Retained Earnings |
831,836,342 |
Total |
(6,565,680) |
Deduction of 5%, legal reserve |
825,270,662 |
Net profits available for distribution |
Proposed Dividends:
|
Amount in EGP |
Description |
14,507,258 |
1st distribution to shareholders (10 % from paid up capital) |
21,293,250 |
Employees portion |
70,492,742 |
2nd distribution to shareholders |
106,293,250 |
Total distributions |
718,977,412 |
Net profit carried forward after distribution |
-Ends-
Ms. Menna Shams El Din
Investor Relations and Business Development Director
T: +202 3851 6464 | M: +20 100 1542428 | menna.shamseldin@edita.com.eg