Cairo – Mubasher: The ordinary general meeting of Trans Oceans Tours decided to withhold 2015 cash dividends.
The ordinary meeting ratified 2015 financial statements as well as the reports of board and auditor.
Earlier, the board recommended withholding 2015 cash dividends as the company is being in critical need for liquid asset to fulfill its obligations, distributing any surplus starting from the next fiscal year.
The company’s unaudited net profits for 2015 moved up to EGP3.19 million from EGP934,000 in 2014.
The ordinary general meeting held in March 2015 also froze 2014 dividends payout.
