Cairo – Mubasher: Egyptian Company for Construction Development (Lift Slab Misr) has used EGP 70.78 million of the capital raise subscription proceeds totalling EGP 86.22 million as of the end of June.
The total value of the proceeds amounts to EGP 86.225 million, including EGP 84.18 million worth of subscription and EGP 2.03 million worth of issuance expenses, Lift Slab Misr said in a bourse disclosure on Sunday.
The remaining proceeds currently stand at EGP 13.4 million.
During the first six months of 2021, the company logged net profits of about EGP 783,990, down from EGP 3.79 million in the year-ago period.
The revenues fell to EGP 6.44 million in the January-June period, compared to EGP 15.88 million in the same period in 2020.
