paints & chemical-reg s gdr (PCHZF) Key Developments
Paints and Chemical Industries Company "Pachin" S.A.E. Reports Consolidated Financial Results for the Six Months Ended December 31, 2014
Feb 23 15
Paints and Chemical Industries Company "Pachin" S.A.E. reported consolidated financial results for the six months ended December 31, 2014. For the period, revenues have decreased to EGP 433.3 million compared with EGP 481.4 million on December 31, 2013. Gross profit has decreased to EGP 35.7 million compared with EGP 71 million on December 31, 2013. Net Profit after taxes & non controlling interest is EGP 17.6 million compared with EGP 45.2 million on December 31, 2013. The reasons of this scaling back of revenues & profits are, manufacturing activities lost momentum due to slow down in trade & business activities. This led to slow production rates & soften business gains during the period, and the deflation of the local currency.
Pachin To Acquire Companies In African Markets
Nov 20 14
Paints and Chemical Industries Company "Pachin" S.A.E. (CASE:PACH) is looking to acquire or enter into partnership with a local or regional company to expand abroad possibly eyeing African markets. Mohie Abdel Razek, Managing Director of Pachin Group, indicated the company targets a direct presence in one of the promising South African countries such as Ethiopia, Ghana or Nigeria.
Paints & Chemical Industries Announces Cash Dividend, Payable on November 10, 2014
Oct 15 14
Paints & Chemical Industries announced cash dividend of EGP 3.50, payable on November 10, 2014, and approved by the Shareholders' General Meeting on October 11, 2014. The distribution of this cash dividend will be made to Holders as at the end of trading on November 5, 2014.
Paints and Chemical Industries Company "Pachin" S.A.E., Annual General Meeting, Oct 11, 2014
Oct 3 14
Paints and Chemical Industries Company "Pachin" S.A.E., Annual General Meeting, Oct 11, 2014., at 11:00 E. Europe Standard Time. Location: TRIUMPH Hotel , El Khalifa El Maamoun St., Heliopolis. Agenda: To approve board of directors report regarding the company’s activities during the fiscal year ended June 30, 2014; to consider auditor’s report concerning the balance sheet, income statement and cash flow statement and changes in shareholder’s equity statement for the year ended June 30, 2014; to consider profit distribution plan for the year ended June 30, 2014; to consider discharge of the board of directors from any liability for the year ended June 30, 2014; to appoint auditor and determination of his fees; to determine remuneration & compensations for the board members for their attendance & participation on the Board of director for the fiscal year 2014/2015; to authorize the board of directors to donate during the fiscal year 2014 / 2015 an amount not to exceed EGP 1 million, and within the legally prescribed limits; and to present a report includes the commitments of the shareholders.
Paints & Chemical Industries (Pachin) Announces Consolidated Earnings Results of the Year Ended June 30, 2014
Sep 22 14
Paints & Chemical Industries (Pachin) announced consolidated earnings results of the year ended June 30, 2014. The company’s net profit plunge to EGP 74.38 million (USD 10.4 million /EUR 8.1 million) in the fiscal year ended June 30, 2014 from EGP 96.77 million in the prior year. The drop was attributed to higher costs and taxes, and an increase in raw material prices. Operating profit fell to EGP 90.5 million from EGP 110.3 million. Net revenue grew to EGP 1 billion from EGP 951 million despite the political unrest and challenging economic situation in the country.