Kafr El Zayat standalone profits leap to LE57 m, proposes LE3 payout

Updated 3/12/2017 12:05:18 PM

ArabFinance: Kafr El Zayat Pesticides (KZPC) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2016, and ending December 31, 2016.

The company posted standalone net profits of LE57,033,875, versus net profits of LE30,760,587 in the same period a year ago.

Kafr El Zayat's board proposed profit distribution of LE24.009 million (LE3 per share), versus LE19.207 million in 2015.