Egypt's Zeta Investment cuts stake in Mansoura Poultry

Mega Investments Brokerage acted as a broker in the transaction

  
Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

Traders work at the Egyptian stock exchange in Cairo, Egypt February 13, 2018.

REUTERS/Amr Abdallah Dalsh
Cairo -  Zeta Investment slashed its stake in Mansoura Poultry to 6.77% from 9.97% for EGP 27.38 million.

The transaction involved the sale of 650,000 shares at an average price of EGP 42.28 apiece, according to a bourse disclosure on Wednesday.

Mega Investments Brokerage acted as a broker in the transaction.

During the first quarter (Q1) of 2021, Mansoura Poultry achieved net profits of around EGP 450,480, compared to EGP 9.46 million in Q1-20.

The revenues declined to EGP 32.78 million in the January-March period from EGP 47.97 million in the year-ago period.

Source: Mubasher

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