Mubasher TV
Contact Us Advertising   العربية

Mansoura Poultry considers stock split

Mansoura Poultry considers stock split
Photo Credit: Arabianeye - Reuters
Mansoura Poultry
MPCO
-0.09% 1.10 -0.00

Cairo - Mubasher: Mansoura Poultry Co. said it will hold an extraordinary general meeting on 16 January 2016, to discuss stock split.

Shareholders will look into reducing the company's stock par value from EGP 10 per share to EGP 4 per share, while keeping the company's issued capital unchanged at EGP 57.9 million.

The meeting will also discuss amending incorporation articles no. 6 and 7.

The company posted EGP 14.08 million in net earnings for the first nine months of 2015, a fall of 32.7% compared with EGP 20.9 million a year earlier.