Medical Packaging posts net profit of EGP 3M
Updated 8/16/2020 6:22:00 PM
ArabFinance: Medical Packaging Company (MEPA) reported an 11% Year on Year increase in its net profit in the first half (H1) of 2020, according to the company’s August 16th financial statements filed to the Egyptian Exchange.
Net profit stood at EGP 3,014,105 in H1 of 2020, compared to EGP 2,711,701 achieved in H1 2019.
The company decided to split the stock's par value from EGP 1 to EGP 0.20 per share.
This comes in a bid to enlarge the company's stock ownership base, the filing added.
The issued capital will remain unchanged at EGP 69 million distributed over 345 million shares instead of 69 million shares, it noted.
