Gemma announces cash dividends distribution

Updated 7/16/2020 5:46:00 PM

ArabFinance: El Ezz Porcelain (Gemma) (ECAP) will distribute cash dividends of EGP 0.225 per share on August 10th, according to the company’s statement filed the Egyptian Exchange.

The company stated the dividends will be disbursed to the shareholders recorded on August 5th.

Gemma posted a net profit of EGP 5,551,437 in Quarter one (Q1) of 2020, a 49% decline from EGP 10,892,066 posted in Q1 2019.

Established in 1989, Gemma has become the leading manufacturer of high-end Ceramic and Porcelain tiles in Egypt and the Middle East.

Listed in 1998, ECAP works in security and alarm services, with a specialization in real estate investment trust and construction materials. ECAP has several subsidiaries operating across Egypt.