Egypco’s board approves capital increase to EGP 946M
Updated 2/7/2021 11:29:00 AM
ArabFinance: Egypt for Poultry Company’s (Egypco) (EPCO) board of directors approved raising issued capital to EGP 946 million from EGP 425.7 million, according to the company’s statement to the Egyptian Exchange on February 7th.
The board also approved splitting the company’s nominal shares to EGP 0.20 per share instead of EGP 2 per share.
The company recorded a standalone net loss after tax of EGP 1.29 million during the three months ended on September 30th 2020, against a net profit of EGP 1.27 million in the same period of the prior year.
Egypco is a public shareholding company that operates in the food processing industry. It manages poultry farms and slaughterhouses, and is engaged in land reclamation and agricultural activities, as well as cattle and fish product manufacturing.
