The Egyptian Exchange (EGX) has set the limit down of the Egyptian Transport and Commercial Services Company (Egytrans) (ETRS) at 20.883%, according to the company’s April 27th filing.

The circuit breaker of the company’s stock is also set at a limit down level of 16.487%, the EGX disclosure added.

The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 27th.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 0.80 per share on April 30th.

The company posted a consolidated net profit of EGP 28,319,381 in 2019, compared to EGP 35,524,033 a year earlier, taking into account the minority rights.

Standalone net profits came in at EGP 28,319,381 in 2019, compared to EGP 35,524,033 last year.

Egytrans is an Egypt-based company engaged in international sea, air, and land transportation services. The company offers a wide range of services such as import and export, general cargo handling, dry cargo handling, customs clearance, warehousing, packing, and specialized transportation.

 

 

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