Marseillia’s shareholders nod to EGP 12m capital hike

Cairo – Mubasher: The shareholders of Marseilia Almasreia Alkhalegeya Real Estate Investment approved, during an extraordinary general meeting (EGM), to raise the issued and paid-up capital to EGP 72 million from EGP 60 million, the company said in its statement to the Egyptian Exchange (EGX) on Tuesday.

It is worth to mention that the firm posted EGP 1.433 million profits during the fiscal period from January to March 2019, compared to EGP 1.039 million profits for the same period in 2018.

Also, the company’s sales increased to EGP 10 million in the first quarter this year, versus EGP 61.2 million for the same period in 2018.

Mubasher Contribution Time: 02-Jul-2019 14:28 (GMT)
Mubasher Last Update Time: 02-Jul-2019 14:38 (GMT)