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CI Capital Holding's FY2019 profits increase, board okays dividends

CI Capital Holding's FY2019 profits increase, board okays dividends

ArabFinance:  CI Capital Holding (CICH) announced, in a statement sent to EGX, the audited financial results for the financial period starting Jan. 1, and ending Dec. 31, 2019.

The company posted consolidated net profits of EGP 621,148,656, compared to net profits of EGP 425,312,148 in the same period a year ago, taking into account the minority rights.

Moreover, it posted standalone net profits of EGP 83,978,928, compared to net profits of EGP 69,551,713 in the same period last year.

The CI Capital's Board of Directors approved on Feb. 12 increasing the issued capital from EGP 800 million to EGP one billion by distributing 0.25 free stock for every existing one held. 

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