Cairo – Mubasher: Speed Medical announced that its shareholders approved the split of the share’s nominal value during an extraordinary general meeting (EGM).
The Egyptian company’s EGM approved to split the nominal value of the share to EGP 0.20 from EGP 1, according to a statement to the Egyptian Exchange (EGX) on Sunday.
During the first quarter of 2019, Speed Medical’s net profits rose by 25.7% year-on-year to EGP 5.81 million, compared to EGP 4.62 million.
Meanwhile, revenues grew to EGP 20.18 million in the January-March period of 2019 from EGP 13.12 million in the corresponding period a year earlier.
