Atlas Land Reclamation & Agricultural Processing (ATLAS) posted a drop by 98% in H1-14 net profit to EGP 47 thousand, from EGP 2.4 million net profit in H1-13.
FY13 net profit had amounted to EGP 1.2 million, compared with EGP 2 million net profit in FY12.
The Egyptian Exchange (EGX) had approved a request from the company to launch a rights issue to raise capital by EGP 40 million to EGP 60 million.