Cairo – Mubasher: The Board of Directors of Talaat Mostafa Group Holding Company proposed cash distributions to shareholders for last year’s profits.
The company said in a statement to the Egyptian Stock Exchange today, Wednesday, that the proposal includes distributing a cash coupon of 0.218 pounds per share, to be distributed in two installments, the first of 0.109 pounds per share with a maximum of next May 31, and the second installment of 0.109 pounds per share with a maximum of next July 31.
It is noteworthy that Talaat Mostafa Holding recorded a net profit after taxes and non-controlling interests amounting to 3.31 billion pounds during 2023, compared to profits amounting to 2.3 billion pounds during 2022.
The company’s revenues increased last year to 28.43 billion pounds, compared to 19.87 billion pounds in 2022.
Regarding the unconsolidated lists, the independent company’s profits rose to 682.46 million pounds in 2023, compared to 660.98 million pounds in 2022.
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2024-02-28 09:20:41
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