Cairo – Mubasher: Industrial Engineering Company for Construction and Development (ICON) submitted a request to the Egyptian Exchange (EGX) to halt trading on its shares as of the trading session on 14 June.
The company asked for trading suspension until the listing of its shares following the demerger as well as the shares of the resulting company, Development for Real Estate Investment, according to a statement to the EGX on Thursday.
During 2020, ICON achieved net profits of EGP 140.36 million, down from EGP 150.04 million in 2019, including minority shareholders’ rights.
The revenues declined to EGP 1.44 billion last year from EGP 1.61 billion in 2019.
