Cmar reports 82% profit decline
Updated 6/11/2020 5:03:50 PM
ArabFinance: Egyptian Arabian Securities Brokerage EAC (Cmar) (EASB) posted an 81.5% Year on Year decline in its net profit in Quarter one (Q1) of 2020, according to a June 11th disclosure filed to the Egyptian Exchange.
Net profit reached EGP 383,369 in Q1 2020, compared to EGP 2,067,663 achieved in the corresponding period.
In April, the shareholders of the company agreed on distributing 15% of the capital as cash dividends for 2019.
The company will pay EGP 1.5 per share dividends for FY 2019. This will have a total value of EGP 6 million to be distributed to the shareholders.
Cmar, formerly known Egyptian American Company for Securities Brokerage, is an Egypt-based public shareholding company engaged in the provision of investment services. The ؤompany operates a range of investment activities that includes sale and purchase of securities, mediation in the purchase and sale of securities to investors in the Egyptian capital market and providing financial advice, e-trading, establishment and ownership transfer, provision of training sessions, and financial advisory services.
