Cairo – Mubasher: El Ahram for Printing and Packing said Monday that its shareholders approved distributing cash dividends at 25 piasters per share for the fiscal year 2015.

In a bourse filing, the company indicated that FY15 dividend will be paid out on two equal installments within a maximum of three months as of 28 April for the first installment and a maximum of six months as of 28 April for the second one.

Moreover, shareholders also approved FY15 financial statements and the renewal for the firm's present auditor.  

Today, the Egyptian Financial Supervisory Authority (EFSA) has decided to resume trading on the El Ahram for Printing and Packing after suspending trading on 26 February 2016 due to inconsistent FY15 financial statements.

After resumption, the stock gained 9.8% to EGP 4.12 after trading resumed, but the bourse suspended trading again for half an hour as it rose by more than 10% shortly.

Over the first quarter of 2016, the company's earnings rose 42% year-on-year to EGP 2.16 million from EGP 1.52 million