EGYFERT cancels shareholders’ dividends

Updated 3/26/2020 6:01:00 PM

ArabFinance: Samad Misr - EGYFERT (SMFR) cancelled the profit distribution attributable to shareholders.

EGYFERT’s ordinary general meeting approved the financial results for the financial year 2019.

The company incurred consolidated net losses of EGP 2,026,704 in 2019 shrank from EGP 2,783,318 in the same period a year ago, taking into account the minority rights.

Moreover, it incurred standalone net losses of EGP 2,126,138 in 2019, compared to net losses of EGP 2,616,490 in the same period last year.