Cairo – Mubasher: Speed Medical Company’s chairman, Mahmoud Lashin, has increased its stake in the company to 36% from 25%, according to a company statement released on Wednesday.
It is worth noting that the company is planning to be listed on the main market before the end of 2019.
Speed Medical recorded a 46% year-on-year consolidated profit increase during the first half of 2019 on the back of rising revenues.
The company’s net profits rose to EGP 10.7 million in the six-month period ended 30 June, compared to EGP 7.3 million in the year-ago period.
