Cairo - Mubasher: The board of directors of Nasr Company for Civil Works approved a decision to increase the issued and paid-up capital by 35% or EGP 25.62 million.
The company's capital will be increased to EGP 98.82 million through a rights issue, the company said in a bourse disclosure on Thursday.
During the first quarter (Q1) of 2021, the company recorded net losses of EGP 2.54 million, versus net profits of EGP 4.04 million in Q1-20.
The revenues retreated to EGP 46.65 million in the January-March period, compared to EGP 56.64 million in the prior-year period.
