ArabFinance: Paints and Chemical Industries (Pachin Paints) will distribute annual cash dividends of EGP 1 per share on two equal tranches, according to the company’s January 5thstatement filed the Egyptian Exchange.
The first tranche will be disbursed on January 27th and the second will be on April 29th.
The company stated the dividend will be disbursed to the shareholders recorded on January 24th.
Pachin Paints achieved a consolidated net profit of EGP 20 million during the first quarter (Q1) that ended on September 30th.
Paints and Chemical Industries Company (PACHIN) is an Egypt-based public shareholding company engaged in the production, marketing and distribution of paints, varnishes, industrial chemicals, printing inks, animal extracts and other related products.
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