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Cairo – Mubasher: The Egyptian Financial Supervisory Authority (EFSA) said that Speed Medical had filed a disclosure form for the company's capital increase.
The disclosure report includes an increase in issued capital of 52 million pounds to 71.32 million pounds, an increase of 19.32 million pounds compared to the profits reflected in the financial statements for the year ended December 31 announced the regulator in a statement Wednesday.
She added that a quick disclosure model is under study to increase the header and accompanying documents.
The Board of Directors of Speed Medical has agreed to increase the company's capital by 19.32 million pounds at the profit stage of 0.3717 shares, or 37.17% of the free shares of the current share capital. 71.32 million pounds.
Speed said the increase was intended to fund the company's largest expansion, the opening of the Speed Egypt hospital in the Ismailia desert at the next year and to increase the number of medical badysis laboratory branches to 150, and to seek a capital increase of more than 100 million pounds to convert the record of the company into the stock market intermediary. And small on the main stock exchange.
It is to highlight that Speed Medical Released a net profit of 5.81 million pounds from early January to late March, compared to 4.62 million pounds in the same period last year.
The company's revenues increased in the first three months of 2019, registering 20.18 million pounds at the end of March, compared with 13.12 million pounds for the same period in 2018.
On the list of independent companies, the company's profits increased in the first quarter of 2019, registering 5.81 million pounds at the end of March, against 4.62 million pounds in the same quarter the previous year.
The company noted that the benefits of the independent and aggregated listings were consistent in the first quarter, due to the startup of Speed Hospital Company's business so far.
appointments:
3 Speed Medical customers sell shares for 22 million EGP
Exchange Recognizes Splitting of Par Value of Speed Medical Shares
July 3, the end of the right to split the nominal value of Speed Medical
Video .. President of Speed Medical Reveals Listing Plan at Main Exchange
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