Thndr Claps » EGY Claps » Health & Pharma 👩⚕️ » EIPICO gives green light for capital increase 💊
The ClapEgyptian International Pharmaceutical Industries (EIPICO) (PHAR) is set to increase it’s capital by EGP 148.75mn.
WhatThe capital increase will see the company’s capital increase to EGP 1.14bn from EGP 991.7mn.
The company recorded net income of EGP 417.79mn during the first 9 months of 2022, a YoY increase from EGP 324.17mn during the same period the year before, taking into account minority rights.
So WhatThe company saw its sales increase increase by 10.74% to reach EGP 2.68bn during the first 9 months of 2022.
The decision to increase capital comes on the back of a strong 9 months in 2022.
Now WhatThe company will distribute the EGP 150mn increase over 14.87 million shares.
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