Medical Packaging’s board nods to EGP 62M capital hike
Updated 4/3/2022 10:02:00 AM
ArabFinance: The board of directors of Medical Packaging Company (MEPA) has approved an EGP 62 million increase in issued and paid-up capital, according to a filing to the Egyptian Exchange (EGX) on Sunday.
Accordingly, the company’s issued and paid-up capital shall increase from EGP 69 million to EGP 131 million.
It is worth mentioning that Medical Packaging posted a net profit after tax of EGP 7.68 million in 2021, up from EGP 4.40 million in 2020.
Medical Packaging is an Egypt-based public shareholding company engaged in the manufacturing of medical and pharmaceutical packaging products.
The company focuses on the operations and establishment of a factory for the production of glass containers for the purpose of medical, pharmacy, laboratories, cosmetics, and perfumes.
