EGX nods El Badr Plastic to cut capital
Updated 10/7/2020 9:28:00 PM
ArabFinance: The Egyptian Exchange's (EGX) concerned committee approved listing El Badr Plastic Company (EBDP) capital after the decrease.
The company decreased the issued and paid-in capital by cutting the par value from EGP 1 to EGP 0.50 per share. Accordingly, the capital declined by EGP 3,825,000 from EGP 7,650,000 to EGP 3,825,000.
On October 12th, the company floating shares after the decrease will be 7,650,000.
The company reported a net loss stood at EGP 976,500 in the first half (H1) of 2020, a 28% decline from EGP 1,362,137 achieved in H1 2019.
Founded in 2002 and listed on EGX in 2008, El Badr specializes in providing plastic packaging solutions to meet all packaging and design needs.
