Cairo – Mubasher: Egypt for Poultry announced Monday that the board of directors approved selling 45 feddans at EGP 15.3 million, according to a bourse filing.
The financial advisor, Professional Group, valued the land at EGP 14.4 million, the company indicated in the filing, adding that four bids were submitted for the land located in Giza governorate.
In the third quarter, the company turned to losses in the third quarter of 2016 after posting EGP 650,070 losses against a net profit of EGP 648,250 for year-ago period.
The stock quote declined to EGP 2.06 by 11:04am Cairo time on Monday.
