Ezz Al-Dekheila Ratifies EGP 20/Share Cash Dividend

Al Ezz Dekheila Steel Co.- Alexandria (IRAX.CA)’s ordinary general assembly had approved EGP 20/share cash dividends distribution of the gains posted during the fiscal year ended on 30/06/2012.

The general assembly had also ratified the company’s financial results for the fiscal year ended on 30/06/2012, the auditors’ report alongside the financial statements.

Ezz Al-Dekheila’s financial results for the first half of 2012 reported a fall in its consolidated net profit of 13% to EGP 232.5 million, compared to EGP 267.6 million a year earlier.

For the company’s standalone net profit, it has hit during H1/2012 EGP 437 million, 15.3% higher than a year earlier net profit of EGP 379 million.