Cairo – Mubasher: Pyramisa Hotels & Resorts said shareholders of record until 22 March would be entitled to cash dividends for 2014.

The company's ordinary general meeting earlier approved paying out EGP 3 per share as cash dividends.

The dividends are scheduled to be distributed as of 27 March

The company's net profits for 2014 rose 100.4% year-over-year to EGP 92.4 million. Meanwhile, FY15 net profit fell by 38.9% year-on-year to EGP 56.39 million.