Egyptian Alexandria Cement AGM Approves US$0.54 Dividend/Share 9-Mo 2007
The annual general meeting (AGM) of Egyptian company Alexandria Cement approved on December 5, 2007 a cash dividend of E£3 (US$0.54/€0.37) per share for the first nine months of 2007.
Alexandria Cement is traded on Cairo and Alexandria Stock Exchanges (CASE) under the ALEX.CA symbol.
It has 12,057,470 shares at a par value of E£10 (US$1.81/€1.24). The company’s market capitalisation amounts to E£752.4m (US$136.2m/€93.2m).
For the first nine months of 2007, the company posted a consolidated net profit of E£131.6m (US$23.8m/€16.3m) and a non-consolidated profit of E£133m (US$24.1m/€16.5m).
The comparative year-ago results were irrelevant due to the merger of Alexandria Cement with local cement producer company Blue Circle Egypt.
With one production line, the company produces 1.25Mta of cement.
Published under Cement News
