Cairo – Mubasher: Prime Holding on Wednesday said that its shareholders decided to renew the reward and motivation system for the company’s employees during an extraordinary general meeting (EGM).
The system has been renewed in the company and its subsidiaries for 10 years, Prime said in a filing to the Egyptian Exchange (EGX).
Prime Holding previously reported a 53% year-on-year growth in consolidated profits for the first nine months of 2018.
The company logged EGP 28.8 million in profits during the period between January and September, versus EGP 18.9 million in the year-ago period.
Revenues grew to EGP 78.5 million in the nine-month period ended September, compared to EGP 56.3 million in the prior-year period.
