Kamar trims stake in Egyptian Resorts Company

The transaction involved the sale of 455,000 shares

  
A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

A trader works at the Egyptian stock exchange in Cairo, Egypt, December 3, 2015.

REUTERS/Mohamed Abd El Ghany
Cairo – Bayt El-Khebra Holding (Kamar) reduced its stake in Egyptian Resorts Company to 19.97% from 20.01%.

The transaction involved the sale of 455,000 shares for EGP 1.03 million, averaging EGP 2.27 per share, according to a bourse disclosure on Sunday.

During the first half (H1) of 2021, Egyptian Resorts Company incurred consolidated net losses of EGP 13.56 million, against net profits of EGP 23.64 million in H1-20.

The revenues declined to EGP 35.19 million in H1-21, compared to EGP 117.43 million in H1-20.

Source: Mubasher

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