Cairo – Mubasher: The board members of Misr Beni Suef Cement agreed to cut the issued capital by EGP 67.92 million to EGP 611.38 million from EGP 679.28 million, according to a bourse disclosure.

The EGX-listed firm will proceed with capital reduction measures by cancelling 6.79 million shares at a par value of EGP 10 per share.

Following the decrease process, the number of the company’s shares will reach 611.38 million.

In the first half (H1) of 2023, the net profits after tax of Misr Beni Suef increased to EGP 104.85 million from EGP 44.63 million in H1-22.

Revenues climbed to EGP 807.72 million in H1-23 from EGP 725.93 million during the January-June 2022 period, while the earnings per share (EPS) enlarged to EGP 1.54 from EGP 0.57.