Gemma turns to loss
Updated 11/16/2020 4:30:08 PM
ArabFinance: El Ezz Porcelain (Gemma) incurred a net loss of EGP 29,307,238 in the first nine months of 2020, according to the company’s November 16th financial statements filed to the Egyptian Exchange.
In the January-September period of 2019, the company posted a net profit of EGP 42,054,314.
Gemma distributed annual cash dividends of EGP 0.225 per share on August 10th. The company stated the dividends will be disbursed to the shareholders recorded on August 5th.
Established in 1989, Gemma has become the leading manufacturer of high-end Ceramic and Porcelain tiles in Egypt and the Middle East.
