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Zahraa Maadi EGM discuss stock split today

Zahraa Maadi EGM discuss stock split today
Zahraa Maadi
ZMID
-2.92% 6.64 -0.20
Zahraa Maadi Investment and Development will hold extraordinary general meeting (EGM) today ,April 23 ,2014 ,3:00 p.m. Shareholders will look into reducing the stock par value to EGP 1 from EGP 5. Articles of incorporation No. 6 and 7 will be amended accordingly. The company posted EGP 112.36 million net profit in FY13, compared with EGP 111.61 million net profit a year earlier. Earnings per share (EPS) amounted to EGP 11.24, compared with EGP 11.16 in FY12.