Arab Engineering Industries will start today, Monday, September 29, 2014, trading at the new stock par value that was reduced from EGP 7.5 to EGP 2.75.
The company’s capital will remain unchanged at EGP 22.675 million, divided into 6.046 million shares instead of 3.023 million shares.
The company had posted EGP 3.3 million net profit for H1-14, with a fall by 39% compared with EGP 5.4 million in the same period a year earlier.
FY13 net profit had amounted to EGP 8.042 million, with 11% decline compared with EGP 9.049 million in FY12.