ArabFinance: Delta Sugar (SUGR) stated that the Egyptian Endowments Authority (EEA) sold 2.5 million shares at EGP 30.285 million, according to the companys March 3rdstatement to the Egyptian Exchange.

EEA decreased its sake in Delta Sugar to 2.11% from 5.37%.

The companys board of directors approved adding a new activity related to the companys main purpose.

The listed company turned to a net loss in 2020, suffering EGP 253.95 million, against a net profit of EGP 42.89 million in 2019.

Delta Sugar is an Egypt-based shareholding company that operates in the food processing industry sector. The company is engaged in the manufacture of white sugar and related products. It operates one factory, which produces over 270,000 tons of white sugar annually.

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.