Cairo – Mubasher: The Egyptian Exchange (EGX) decided to maintain suspending trading on Nile City Investment’s stock as of Sunday, 30 September.
The bourse's decision came after the Nile City has not sent its standalone financial statements for the period ended 30 June after 45-days deadline of receiving them, the EGX said in a statement on Sunday.
Nile City previously said it did not release financial statements for the first and second quarters of this year as the 2017 statements were not finished.
It is worth noting that the Egyptian company last reported a net profit of EGP 385.9 million for the first nine months of 2017, versus EGP 113.1 million at the end of September 2016.
