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Vertika approves cash dividends

Vertika approves cash dividends

ArabFinance: Vertika (VERT) announced the distribution of cash dividends of EGP 0.28 per share, according to a released statement to the Egyptian exchange. The dividends will be divided into two tranches payable in April and May. 

On March 30th, the ordinary general meeting approved financial results and profit distribution attributable to shareholders of EGP 86,409 for 2019.

The extraordinary general meeting approved amending article no. 3 of the company's Articles of Association. 

The company posted a net profit of EGP 864,095 in 2019, compared to net profits of EGP 582,087 in the same period a year ago.

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