October 31.. The “Grand Investment” general assembly is considering restructuring the management

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“Grand Investment Holding Company for Financial Investments” invited its shareholders to attend the Ordinary General Assembly on October 31; To consider reconstitution of the Board of Directors.

The general assembly will discuss restructuring the board of directors according to the cumulative vote, and determining the powers of the appointed board.

The company achieved a net profit of EGP 1 million from the beginning of April until the end of June 2021, compared to losses of EGP 1.07 million during the comparable period of the previous fiscal year.

The company’s revenues fell to 1.3 million pounds at the end of June, compared to 2.5 million pounds during the same period last year.

The company’s losses decreased by 43.8% during the past year 2020, to reach 5 million pounds, compared to a net loss of 8.95 million pounds during the previous year 2019.

The company’s revenues decreased during 2020 to reach 8.8 million pounds, compared to total revenues of 14.3 million pounds during the previous year 2019.

The “Grand Investment Holding Company for Financial Investments” had invited its shareholders to attend the Ordinary General Assembly on August 10, to discuss the distribution of dividends.

The general assembly will consider approving the company’s financial statements and the board’s report on the company’s activity during 2019.

For its fiscal year (April 2018 – March 2019), the company achieved a net loss of 8.95 million pounds from the beginning of April 2019 until the end of March 2020, compared to 4.32 million pounds in profits during the previous fiscal year.

The company’s consolidated revenues declined during the year, recording 14.27 million pounds at the end of March, compared to 18.55 million pounds during the same period last year.

The article October 31… The “Grand Investments” General Assembly is looking at restructuring the management was written in Al Borsa newspaper.