Egypt's Asmak ups stake in Porto Group Holding

The transaction included the purchase of 6.15mln shares

  
Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

Image used for illustrative purpose only. Traders work at the Egyptian stock exchange in Cairo, May 28, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo –  Asmak Co raised its stake in Porto Group Holding to 12.04% from 11.51%, HC Brokerage said.

The transaction included the purchase of 6.15 million shares for EGP 4.246 million, averaging EGP 0.69 apiece, according to a bourse disclosure on Thursday.

Over the course of 2020, Porto Group Holding achieved net profits of EGP 25 million, compared to EGP 104.25 million a year earlier.

Source: Mubasher

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