Univert directs capital hike proceeds to finance project

Cairo-Mubasher: Univert Food Industries Co. will direct the proceeds of its latest capital increase towards financing its two pasta production lines.

The company has nearly completed its pasta production project, said a bourse statement.

The firm's net profits surged 235.35% to EGP 1.4 million in the first half of 2015, up from EGP 415,000 for the same period of the previous year.

Mubasher Contribution Time: 15-Sep-2015 08:19 (GMT)