The Egyptian Exchange (EGX) said Monday that it is studying a request from Cairo Poultry company for a stock split.

The company seeks to reduce its stock par value from EGP 2/shr to EGP 1/shr, while keeping the issued capital unchanged at EGP 348.4 million.

The firm posted net profits of EGP 37.25 million for the first quarter of 2015, a rise of 23.87% from the same period of the previous year.