Egypt’s corporate news: March 28

Published March 28th, 2001 - 02:00 GMT

Housing & Development Bank (HDBK.CA) held its ordinary general assembly on March 25, which approved FY2000 financial statements and the distribution of coupon #21 of LE4.00/share starting April 18.Record date is April 17. 

 

National Bank for Development –NBD (DEVE.CA) will distribute coupon #17 of LE0.60/share starting April 10. Record date is April 9. Egyptian Commercial Bank (ECBK.CA)/(ECBF.CA) will distribute coupon #7 of LE2.337/share starting April 10.  

 

Cairo Oil & Soap (COSG.CA) posted 1H FY2001 results ending December, in which NPBT inched up 1.2 percent to LE6.04 million compared to LE5.96 million in FY2000. However, net sales dipped 11 percent to LE107.2 million versus LE120.3 million in the year-ago period. COGS/Revenue improved to 91 percent from 92 percent in the comparable period of FY2000.  

 

The Ministry of Finance announced a 91-day T-bill auction with a total face value of LE400 million. The issue date is March 29 and the maturity date is June 28. The final date for bids is March 28. 

 

Prime Securities S.A.E.  

© 2001 Mena Report (www.menareport.com)

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