“Artej Investment and Real Estate Development” company reduced its stake in “Egyptian Poultry” from 40.874% to 36.262%.
Artej sold about 1.963 million shares, at a total value of 14.427 million pounds, at an average price of 7.347 pounds per share.
The shares of the groups associated with the shareholder are as follows: Waad Consulting and Development Company by 18.133%, Banader Investment 5.55%, Cairo Investment and Development 0.023%, and the total associated ratio is 23.706%.
The Egyptian Poultry Company incurred net losses of 2.58 million pounds since the beginning of January until the end of last September, compared to 2.45 million pounds during the same period last year.
The company’s revenues increased during the nine months to reach 2.97 million pounds by the end of September, compared to 1.15 million pounds during the same period last year.
The article “Artej Investment” reduces its stake in “Egyptian Poultry” to 36.26%, it was written in the Al-Borsa newspaper.