Winvest Capital Development & Investment
WCDI
WCDI
The board of Winvest Capital Development and Investment approved the sale of 9% (900 thousand shares) of the company’s shareholding in construction firm EMAC at EGP 1.6 per share, thus totaling EGP 1.44 million.
The sold stake represents 2.42% of the equity owned by Winvest in the company.
The company’s board had endorsed financial statements for the fiscal year that ended on June 30, 2014.
These statements showed 9% fall in net profit to EGP 6.3 million, compared with EGP 6.9 million a year earlier.
Financial statements for the first nine months of FY13/14 had shown that net profits declined by 27% to EGP 5 million, compared with EGP 6.9 million in the same period a year earlier. The company operates with issued and paid-in capital of EGP 52 million, divided into 52 million shares at EGP 1 par value each.
The sold stake represents 2.42% of the equity owned by Winvest in the company.
The company’s board had endorsed financial statements for the fiscal year that ended on June 30, 2014.
These statements showed 9% fall in net profit to EGP 6.3 million, compared with EGP 6.9 million a year earlier.
Financial statements for the first nine months of FY13/14 had shown that net profits declined by 27% to EGP 5 million, compared with EGP 6.9 million in the same period a year earlier. The company operates with issued and paid-in capital of EGP 52 million, divided into 52 million shares at EGP 1 par value each.
Source:
Mubasher
