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Gemma’s board nods to dividend payment proposal

Gemma’s board nods to dividend payment proposal

ArabFinance: The board of directors of El Ezz Porcelain (Gemma) (ECAP) has approved the cash dividend distribution proposal of EGP 0.55 per share for 2021 earnings, according to a statement filed to the Egyptian Exchange (EGX).

The company has recorded a net profit after tax of EGP 107.24 million in 2021, versus a net loss of EGP 13.64 million in 2020.

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

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