Cairo - Mubasher: The extraordinary general meeting of Dice Sport & Casual Wear gave a nod to reduce the company's stock par value from EGP 4 per share to EGP 1 per share.

Earlier, the company's board approved the stock split.

Meanwhile, the shareholders meeting approved amending the articles of incorporation numbers 6 and 7.

Dice Sport reported net profits of EGP 71.2 million for the first half of 2015, up from EGP 7.86 million a year earlier.