South Cairo & Giza Flour Mills
SCFM
SCFM
South Cairo & Giza Mills & Bakeries will hold today, Thursday, August 28, 2014, ordinary and extraordinary general meetings.
The EGM will look into the reduction of stock par value to EGP 5 from EGP 10, thus raising the total number of shares to 6 million.
The ordinary general meeting will look into electing a new board.
The company is capitalized at EGP 30 million, divided into 3 million shares at EGP 10 par value each.
H1-13/14 financial results had shown EGP 15 million net profit, compared with EGP 6 million net profit in the same period a year earlier.
The EGM will look into the reduction of stock par value to EGP 5 from EGP 10, thus raising the total number of shares to 6 million.
The ordinary general meeting will look into electing a new board.
The company is capitalized at EGP 30 million, divided into 3 million shares at EGP 10 par value each.
H1-13/14 financial results had shown EGP 15 million net profit, compared with EGP 6 million net profit in the same period a year earlier.
Source:
Mubasher
