Arab Finance: The board of directors of International Company for Medical Industries (ICMI) has approved splitting the nominal value of the company’s stock to EGP 0.20 per share from EGP 1, according to the meeting minutes sent to the Egyptian Exchange (EGX) on September 12th.
Accordingly, the number of the company’s shares will be 288.359 million instead of EGP 57.672 million.
In the first half (H1) of 2023, the company reported net profits after tax of EGP 373,726, versus a net loss of EGP 126,432 in H1 2022.
Established in 2004, ICMI operates within the healthcare equipment and services sector focusing on healthcare equipment.