Cairo - Mubasher: The general assembly of Nasr Company for Civil Works (NCCW) has approved increasing the company’s capital through the distribution of bonus shares at 1%.
The general assembly has also approved the board of directors and auditor’s reports for last fiscal year, according to the company’s statement to the Egyptian Exchange (EGX) on Sunday.
The company’s board had previously recommended the distribution of 1-for-10 bonus shares worth EGP 3.33 million for 2016.
Annual profits declined 40% last year to EGP 7.51 million compared EGP 12.52 million in the year before.
The extraordinary general meeting (EGM) has approved raising the issued capital to EGP 36.6 million, the statement noted.
