Pachin Announces EGP 3.75/Share Cash Dividend, Last Payout Oct 21st

By Yomna Yasser On Oct 21, 2012

Paints & Chemical Industries – Pachin (PACH.CA) has decided to distributed Coupon No. (19) of EGP 3.75 per share payable on 24/10/2012.

Shareholders as of Sunday’s closing session of 21/10/2012 are entitled to cash dividends distribution.

The cash dividends shall be distributed through the Misr for Central Clearing, Depository & Registry (MCDR)’s accredited centers.

This comes after Pachin’s ordinary general assembly had approved cash dividends distribution of the gains posted during the fiscal year ended on 30/06/2012.

The Company had posted a net profit of EGP 96.797 million during FY/2012, 25.1% down from a year earlier net profit of EGP 129.268 million.

Pachin’s issued capital is valued at EGP 200 million distributed to 20 million securities in which the par value is EGP 10 per share.