The board of Egypt’s top cigarette maker approved a capital hike of LE 750 million through the distribution of one free share per existing original share.
This brings the company’s issued capital to LE1.5 billion Egyptian pounds and its authorized capital to LE 3 billion.
The company’s profits for the fourth quarter of fiscal year 2015/2016 was 19.7 per cent lower than the corresponding quarter of the previous year to reach LE 346 million.
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