Arab Finance: Approved by the Board of Directors Universal for the manufacture of packaging materials and paper – Unipack – (UNIP)Held on September 1, 2024, a fair value study prepared by McKinsey Financial Consulting Company for Securities regarding a plot of land owned by the company in the Seventh Industrial Zone in Sadat City, according to statement Egyptian Stock Exchange.
She added that the fair value of the plot of land and the construction on it was estimated at about 120 million pounds.
The results of its consolidated and unconsolidated operations for the financial period ending on 06/30/2024 showed achieving a net profit. assembly It amounted to 31,415 million pounds, compared to a combined net profit of 12,753 million pounds for the same period of the previous year.
The results for the financial period ending on 03/31/2024 also showed a net profit independent It amounted to 21,424 million pounds, compared to an independent net profit of 12,753 million pounds for the same period of the previous year.
The company was founded in 1980, and the factory in 10th of Ramadan City began its actual production in 1986. The purpose of establishing the factory was to produce self-adhesive products of all kinds in accordance with international specifications and to market these products locally and abroad. Its production capacity is estimated at about 10 million square meters annually, and as a result Due to the company's success, continuous progress and desire for growth, a new factory was established to produce corrugated cardboard used in packaging, which began actual production in 1994 and its capacity is estimated at about 24 thousand tons annually.
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