Delta For Printing's unaudited profits drop, cancels distributions
Updated 4/13/2017 9:50:40 AM
ArabFinance: Delta For Printing & Packaging (DTPP) reported in a release sent to EGX, the Board of Directors was convened on April 12, 2017.
BoD approved the financial results for the fiscal period ending December 2016, as well as the profit distribution suggestion for the same fiscal period.
The company posted LE387,448 net profits after taxes in 2016, versus net profits of LE5,495,410 in 2015.
Delta added that the floatation of Egyptian pound had a negative impact on fiscal year results.
It is worth to mentioning, the Board proposed to transfer the shareholder stake in profits to the public reserves.
