Cairo – Mubasher: The Arab Ceramic Co. - Ceramica Remas has obtained the Egyptian Financial Regulatory Authority's (FRA) approval to split the share's nominal value to EGP 0.25 from EGP 1.
The number of the company's shares will be increased to 718.75 million from 179.687 million, the FRA said in a statement to the Egyptian Exchange (EGX) on Sunday.
During the first half (H1) of 2021, the company achieved net profits of EGP 37.38 million, up from EGP 5.27 million in H1-20.
The sales increased to EGP 421.41 million in the January-June period from EGP 255.41 million in the year-ago period.
