CAIRO: Egypt’s cigarette monopoly Eastern Company said on Wednesday its shareholders approved a LE 6 ($1) share dividend for its 2010-2011 profit, an increase on the previous year.
Eastern posted a net profit of LE 631 million for the full year to the end of June, down 26 percent from a year earlier.
The dividend, higher than last year’s payout, was agreed at the firm’s annual general meeting on Tuesday. In 2010, the firm paid out a LE 5.5 dividend.
