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Shorouk for Modern Printing pens EGP 150M financial lease contract

Shorouk for Modern Printing pens EGP 150M financial lease contract

ArabFinance: Shorouk for Modern Printing and Packaging (SMPP) signed a financial lease contract for some assets owned by  worth EGP 150 million EFG Hermes Leasing, according to the company’s statement to the Egyptian Exchange on February 25th.

The company is in talks to reach a final formula and value of the financing documents.

The listed company reported a 319% Year on Year rise in its consolidated net profit in the first nine months of 2020, recording EGP 140.7 million.

Shorouk for Modern Printing was established in 1979 as a private printing press. The company specializes in printing both books and magazines, in addition to packaging boxes and folding carton boxes.

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