The board of International Company For Investment & Development (ICID) proposed retaining FY13 profit to the fiscal period ending March 31, 2014.
The company posted non-consolidated financial results for FY13, which mirrored a 11.95% increase in net profit to EGP 8.198 million, compared with EGP 7.322 million in FY12. Earnings per share (EPS) amounted to EGP 2.73, compared with EGP 3.66 in FY12. The company has recently raised issued capital from EGP 20 million to EGP 30 million. The EGP 10 million increase, divided into 1 million shares at EGP 10 par value each, was financed from FY13 earnings.