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Beltone Holding right issue covered 95.06% in 1st phase

Beltone Holding right issue covered 95.06% in 1st phase
Photo Credit: Arabianeye - Reuters
Beltone Holding
BTFH
-9.23% 2.95 -0.30

Cairo-Mubasher: Beltone Financial Holding's right issue was covered 95.06% in the first phase, with a subscription of 95.06 million total shares for a total value of EGP 190.1 million.

The number of the unsubscribed stocks reached nearly 4.94 million or 4.94%.

Beltone posted an increase of 38.9% to EGP 5.7 million in net profits for the first quarter of 2015, up from EGP 4.1 million for the same period of the previous year.