Eipico to pay cash, share dividends

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Shareholders in Egyptian International Pharmaceutical Industries Co (Eipico), approved a dividend of LE 1.1 ($0.2) per share and one free share for every 10 owned, the firm said on Sunday.

The dividends will be paid during the last week of April, said finance chief Mohamed Nader.

Eipico, Egypt’s biggest drug exporter, previously reported a 15 percent rise in 2009 net profit to LE 285 million.

In 2009, the company paid a dividend of LE 2.

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By Reuters
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