Target raises stake in Mansoura Poultry for EGP 12.6m

Cairo – Mubasher: Target For Real Estate Investment, Development, Agricultural Reclamation and Tourism Development has increased its stake in Mansoura Poultry to 6.64% from 4.97%.

The company purchased 6.77 million shares for EGP 12.62 million, averaging EGP 1.86 apiece, according to a statement to the Egyptian Exchange (EGX) on Wednesday.

During the first half (H1) of 2021, Mansoura Poultry incurred net losses of EGP 8.86 million, versus net profits of EGP 17.01 million in H1-20.

The net revenues fell to EGP 52.89 million in the January-June period, compared to EGP 90.52 million in the year-ago period.

Mubasher Contribution Time: 13-Oct-2021 09:24 (GMT)
Mubasher Last Update Time: 13-Oct-2021 09:24 (GMT)