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Prime Holding ups capital with 2.8m bonus shares

Prime Holding ups capital with 2.8m bonus shares
Photo Credit: Arabianeye-Reuters
Prime Holding
PRMH
-1.24% 0.73 -0.01

Prime Holding Co.’s extraordinary general meeting approved increasing the company's issued capital through the issuance of 2.8 million bonus shares, representing 4% of the company’s issued capital.

Following the capital hike, the company's total issued shares will increase from 70 million shares to 72.8 million.

Prime Holding posted EGP 30.6 million ($4 million) in net profits for 2014 compared with EGP5.1 million ($0.668 million) for the previous year, a rise of 501%.