EGX says Pioneers Holding's 4mln shares block traded

The financial services company posted a net profit after deducting minority rights

  
Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

Traders work at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany
ArabFinance: The Egyptian Exchange (EGX) announced block trading on 4,150,000 issued shares of Pioneers Holding Company (PIOH) EGP 18,675,000, according to the EGX’s disclosure on September 21st.

The financial services company posted a net profit after deducting minority rights of EGP 712 million during the first half (H1) of 2020.

The result marked a 17% Year on Year (YoY) decrease from EGP 857 million in H1 2019.

As for the standalone income statement, the company turned profitable to EGP 173.95 million in H1 2020, against a loss of EGP 124.27 million in the same six months a year ago.

Pioneers is a public shareholding company that operates in the financial services and securities brokerage sector. It is engaged in the provision of comprehensive financial services for both retail and institutional investors, including brokerage services covering public and private sectors in restructuring, mergers, issuing of equity and debt capital, and market research.

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