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Osool ESB achieves 144% profit increase

Osool ESB achieves 144% profit increase

ArabFinance:  Osool ESB for Securities Brokerage (EBSC) reported a 144% Year on Year rise in its net profit for the first half (H1) of 2020, according to the company’s August 13th financial statements filed to the Egyptian Exchange (EGX).

Net profit stood at EGP 3,917,183 in H1 of 2020, compared to EGP 1,608,293 achieved in H1 2019.

The EGX approved in July splitting the par value of Osool's share from EGP 0.50 to EGP 0.10.

Osool's capital, which amounts to EGP 40 million, will be distributed on 400 million shares instead of 80 million, the company reported.

Osool is an Egypt-based company engaged in the securities brokerage sector. The company offers a range of tools include snap tickets, trigger orders, saved orders, web market watch and customizable trading application, and online trading system training services.

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