Thursday, February 25, 2021

Expansion Plans support improved Dice performance

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Dice Readymade Garments Company plans to open 52 new branches during 2021 in different governorates, including branches operating under the franchise system at a rate of one branch every week, which drives it to achieve high levels of growth.

At the same time, various research centers confirm that the clothing and textiles sector is one of the most promising sectors locally, with the state’s plan to replace the local product instead of resorting to importing clothes.

The company expected, in its disclosures at the end of last month, that it would turn to profit, starting from the first quarter of this year, with the support of the export side, provided that the proportion of exports from the total production would continue to be about 70%, and the export markets of the company are in Europe and America, where the strong purchasing power.

Dice’s share accounted for 5.4% of the total market transactions last week, up by 7.6%, with a trading volume of 162.5 million shares.

The company’s board of directors approved the proposal submitted by the chairman of the board of directors to proceed with the procedures of splitting the company’s shares to amend the nominal value of the share from 20 piasters to 10 piasters.

The article “Expansion Plans” supporting the improved performance of “Dice” was written in the Al-Stock Exchange.

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Expansion Plans support improved Dice performance