The Egyptian Exchange’s (EGX) listing committee has approved registering the increase in Universal for Paper and Packaging Materials' (Unipack) authorized capital from EGP 350 million to EGP 1.1 billion.

The consolidated net profits after tax attributable to the holding company of Universal for Paper and Packaging Materials (Unipack) fell by 63.10% year-on-year (YoY) to EGP 11.590 million from EGP 31.415 million

Universal for Paper and Packaging Materials (Unipack) reported a 154.2% year-on-year (YoY) growth in consolidated net profits attributable to the parent company in the first quarter (Q1) of 2024 to EGP 20.612 million, versus EGP 8.109 million.

Universal for Paper and Packaging Materials (Unipack) has obtained an EGP 40 million medium-term loan from Attijariwafa Bank.

Unipack is an Egypt-based public shareholding company that manufactures self-adhesive products. The company is primarily engaged in the production and sale of paper and packaging materials while marketing its products domestically and internationally.