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Samcrete turns to loss, logs EGP29 THD in 2013

Samcrete turns to loss, logs EGP29 THD in 2013
Samcrete Misr
SMCS
0.00% 16.37 0.00
Samcrete Egypt – Engineers & Contractors posted consolidated financial statements for the fiscal year that ended on December 31, 2013, showing EGP 28.8 thousand net loss, against EGP 21.8 million net profit reported in the same period a year earlier.
The company is capitalized at EGP 296.4 million, divided into 2.964 million shares at EGP 100 par value each.
The securities listing committee of the Egyptian Exchange (EGX) had approved a request received from the company to start procedures of decreasing its issued capital due to splitting the company into four companies.