Cairo – Mubasher: The Financial Regulatory Authority (FRA) approved publishing the disclosure form submitted by Cleopatra Hospitals Group (CHG) to conduct procedures of issued capital decrease.
The EGX-listed group will cut its capital by EGP 77.28 million by cancelling 154.56 million treasury shares.
Earlier this month, the group’s board approved the disclosure report to cut the company’s issued capital to EGP 722.71 million shares (1.44 billion shares), from EGP 800 million (1.60 billion shares).
In the first nine months (9M) of 2022, Cleopatra Hospitals Group reported a 7% year-on-year (YoY) decline in consolidated net profits to EGP 267.14 million from EGP 288.11 million in the same period of 2021.
As for the standalone business, the company's profits reached EGP 167.38 million in the January-September period of 2022, compared to EGP 204.74 million in the corresponding period of 2021.
