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FINANCIAL NEWS
Egypt’s Delta Construction logs USD3.35m net profit in 2014
30 Mar 2015
(MENAFN) Egypt-based Delta for Construction and Rebuilding recorded a net profit of USD3.35 million for 2014, providing means for funding the firm’s capital, Daily News Egypt reported.
As a result, Delta decided to increase its capital by USD3.35 million over its current capital of 30.18 million, which is distributed over USD3.01 million. Presently, capital is set to reach USD33.53 million.
“The proposed capital increase will be primarily funded through the capitalization of liabilities arising from the purchase of additional shares in core subsidiaries,” the company said.
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