Egyptian property developer Nasr City Housing will distribute half a bonus share for every 10 shares held, the stock exchange said on Tuesday.
The shares are for the firm’s 2009/10 financial year, which ended June 30, the statement said
The company, once one of Egypt’s foremost real estate firms, made an unconsolidated net profit of LE 7.7 million ($1.4 million) in 2009/10, compared with LE 103.3 million a year earlier, the statement added.
