Kafr El Zayat to distribute EGP 1.5 per share

Updated 4/27/2020 2:42:00 PM

ArabFinance: Kafr El Zayat Pesticides and Chemicals Co. (KZPC) will distribute cash dividends of EGP 1.50 per share on April 30th, according to a statement sent to the Egyptian Exchange (EGX).

The company highlighted the dividends will be disbursed to the shareholders recorded on April 27th.

In 2019, the company posted consolidated profits of EGP 26,894,012, a 56% fall from EGP 61,115,554 achieved for the same period last year.

It reported standalone net profits of EGP 26,727,539 in 2019, compared to EGP 60,322,878 a year earlier.

KZPC is an Egypt-based company that produces and sells formulations, such as pesticides, insecticides, fungicides, herbicides, rodenticides, and fertilizers, to the agricultural and hygienic sectors in Egypt.

The company’s subsidiaries include Kafr El-Zayat International for Pesticides and Chemicals, Organic Biotechnology Company, and Chemi Co.

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