Mubasher: Vertika Industry and Trade Company announced that the right to distribute free shares to shareholders of the capital increase will end at the close of trading on Thursday, March 10. The company added in a statement to the Egyptian Exchange on Wednesday that it has decided to distribute free shares to shareholders of the capital increase at a rate of 0.30 shares for each original share of the company’s shares before the increase on Sunday, March 13, taking into account the adjustment of fractions for the benefit of small shareholders. The Ordinary General Assembly decided to increase the issued and paid-up capital from EGP 2.35 million to EGP 3.05 million, an increase of EGP 705.9 thousand, funded by retained earnings and profits for the fiscal year ending December 31, 2020. Vertika Industry and Trade Company achieved a net profit of EGP 256.85 thousand for the first quarter of 2021, from the beginning of January to the end of March, compared to EGP 159.34 thousand in profits during the same period last year. The company’s revenues increased during the period, reaching EGP 7.1 million by the end of March, compared to EGP 5.45 million during the same period last year.
Vertika
For Industry and Trade