GEMMA unveils dividends for 2022

Al Ezz for Ceramics and Porcelain (GEMMA) obtained the shareholders’ approval to pay out EGP 55.09 million as cash dividends for 2022.

The ordinary general meeting (OGM) greenlighted a dividend of EGP 0.90 per share on 27 March 2023, according to a bourse filing.

In 2022, GEMMA reported net profits after tax worth EGP 171.12 million, an annual rise from EGP 107.23 million.

Sales hiked to EGP 1.89 billion last year from EGP 1.40 billion in 2021, while the basic and diluted earnings per share (EPS) went up to EGP 3.21 from EGP 2.05.

The total assets amounted to EGP 2.08 billion as of 31 December 2022, versus EGP 1.67 billion a year earlier.