Net consolidated profit reached EGP 150,043,079 in 2019 decreasing from EGP 374,558,671 achieved a year earlier.
Nevertheless, net standalone profit reached EGP 55,488,864 in 2019, a 52% climb from EGP 36,586,797 posted in 2018.
ICON’s board of directors proposed on April 2nd cash dividends to shareholders of EGP 0.30per share, in addition to amending article no. 4 of the company’s Articles of Association.
In December, ICON acquired 74.998% of Sun Infinite East Company’s share capital, amounting to EGP 11.249 million.
The company’s ordinary general meeting that took place on May 4th approved a commutative contract for purchasing up to 80% of Sun Infinite East.
ICON owns and operates several factories where utmost quality products are ensured by total quality management of end-to-end manufacturing of corrugated sheets, accessories, sandwich panels, steel purlins and guard rails. The company provides and operates building and unit projects manufactured from structures applied using its famous ICON sandwich panels and corrugated galvanized steel sheets. These units come in portable items such as the Caravan units. They also come in fixed units such as the Prefabricated building units.
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