Medical Packaging Co. announced that Al Wasata Securities Ltd raised its stake in the company’s capital to 10.205% through buying on Thursday 6500 shares at EGP 1.12 each, totaling EGP 7305.
The company had reported Q1-FY14 net profit of EGP 75.2 thousands, compared with EGP 73.2 thousands with slight decrease by 2.3%.
The company posted a 110.2% rise in FY13 net profit to EGP 345.207 thousand, compared with EGP 164.208 thousand net profits a year earlier.