Heliopolis Housing net profit for the year to end-June rose 52 percent to LE 151.5 million ($26.6 million), the stock exchange said on Wednesday.

Net profit for the mostly state-owned firm was LE 99.4 million a year earlier.

Heliopolis Housing has asked shareholders to approve a 50 percent capital increase financed from retained earnings, its management said on Thursday. The company would issue one bonus share for every two held, raising capital to LE 111.3 million ($19.5 million) from LE 74.2 million, it said in a statement distributed by the stock exchange.