Oulmes board proposes MAD50/share dividend

Casablanca-Mubasher; Les Eaux Minerales d' Oulmes board recommended the distribution of cash dividends at MAD 50 per share for the fiscal year 2014.

The company’s 2014 preliminary financial results showed a 10% rise in net profits to MAD 1.3 billion ($131 million), compared with around MAD 1.2 billion ($121 million) a year earlier.

Oulmes is capitalized at nearly MAD 198 million, divided into 1.9 million shares at MAD 100 each.

Mubasher Contribution Time: 11-Mar-2015 12:00 (GMT)