The securities listing committee of the Egyptian Exchange (EGX) approved on Thursday the listing of bonus shares of El Dawlia Fertilizers and Chemicals to raise capital by EGP 10 million (5 million bonus shares) to EGP 30 million.
Shareholders of record till the close of trading on Monday, November 3 will be entitled to the bonus share distribution that will be effected at 1-for-2.
The post-increase shares, amounting to 15 million, will be added to EGX database as of the start of trading on Tuesday, November 4.
The company announced yesterday the distribution of 5 million bonus shares at EGP 2 each, as per the decisions of the company’s ordinary and extraordinary general meetings dated March 26 and April 7 respectively.
The company had previously paid coupon No. 2 at EGP 0.20 per share.
The company had logged EGP 1.4 million net loss in FY13/14, against EGP 1.7 million net profit a year earlier.
Financial statements for Q1-FY14 showed EGP 1.2 million net profit , with growth by 178% from EGP 429 thousands in the same period a year earlier.
The company had posted EGP 6.83 million net profit in FY13, compared with EGP 6.4 million net profit a year earlier.