Beltone Holding
BTFH
BTFH
The ordinary general meeting of Beltone Financial Holding endorsed the board and auditor’s reports, as well as balance sheet, financial statements and final accounts for the fiscal year 2013.
The company’s Q1 consolidated financial results had shown EGP 4.1 million net profit, representing a decline by 45% compared with EGP 7.5 million net profit in the year-ago period.
Shareholders decided to delay approving the proposed dividend plan for FY13 till completing the deal of acquiring 20% stake in EFG-Hermes.
The Egyptian Financial Supervisory Authority (EFSA) had approved earlier this month an offer submitted by Sawiris-Beltone alliance to acquire 20% of EFG-Hermes at EGP 16 per share. Board members were discharged from liability for FY13. Meanwhile, the auditor was re-appointed and had his pay fixed for FY14.
Meanwhile, the company’s extraordinary general meeting (EGM) gave a nod to reducing the stock par value to EGP 2 from EGP 10, and amending articles of incorporation No. 6 and 7 accordingly.
The company’s Q1 consolidated financial results had shown EGP 4.1 million net profit, representing a decline by 45% compared with EGP 7.5 million net profit in the year-ago period.
Shareholders decided to delay approving the proposed dividend plan for FY13 till completing the deal of acquiring 20% stake in EFG-Hermes.
The Egyptian Financial Supervisory Authority (EFSA) had approved earlier this month an offer submitted by Sawiris-Beltone alliance to acquire 20% of EFG-Hermes at EGP 16 per share. Board members were discharged from liability for FY13. Meanwhile, the auditor was re-appointed and had his pay fixed for FY14.
Meanwhile, the company’s extraordinary general meeting (EGM) gave a nod to reducing the stock par value to EGP 2 from EGP 10, and amending articles of incorporation No. 6 and 7 accordingly.
Source:
Mubasher
