EGX announces Kafr El Zayat Pesticides' stock limit down
Updated 4/27/2020 2:19:00 PM
ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Kafr El Zayat Pesticides and Chemicals Co. (KZPC) at 16.13%, according to the company’s April 27th filing.
The circuit breaker of the company’s stock is also set at a limit down level of 11.47%, the EGX disclosure added.
The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 27th.
The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 1.5 per share on April 30th.
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.
