In light of Egypt for Poultry Company’s (Egypco) causes to split its stock’s par value, the Financial Regulatory Authority (FRA) dismissed the stock split, according to Egyptian Exchange disclosure on March 16.
The company had intended to split its stock’s par value to EGP 0.20 from EGP 2 per each.
The listed company registered a consolidated net loss after tax of EGP 2.58 million during the three months ended on September 30th 2020.
Egypco is a public shareholding company that operates in the food processing industry. It manages poultry farms and slaughterhouses and is engaged in land reclamation and agricultural activities, as well as cattle and fish product manufacturing.
Source: arabfinance
Via: norvanreports
