Madinet Masr Housing (MASR) has just released its consolidated earnings report for the financial year 2023, revealing a remarkable surge in net profits. The company recorded a staggering +188.85% increase, with net profits reaching EGP 2.12 billion compared to EGP 736 million for the same period the previous year.
In light of this impressive performance, the board of directors has approved a cash dividend distribution of EGP 0.20 per share for the financial year 2023. The dividends will be disbursed in two installments throughout 2024, after the approval of the Ordinary General Assembly.
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