Cairo – Mubasher: Egyptian Company for Construction Development (Lift Slab Misr) has spent EGP 71.53 million of the capital increase subscription proceeds amounting to EGP 86.22 million as of the end of October 2020.
The total value of the proceeds includes a subscription value of EGP 84.18 million and issuance expenses worth EGP 2.03 million, according to a recent bourse statement.
The remaining proceeds currently stand at EGP 12.65 million as of 30 June 2022.
During the period from January to March of 2022, the EGX-listed company turned to losses of EGP 406,900, against profits of EGP 710,100 in the same period a year earlier.
Meanwhile, revenues slid to EGP 1.10 million during the January-March period in 2022, compared to EGP 3.36 million in the year-ago period.