Pioneers Holding for Financial Investment announced that a transaction was carried out today under the ‘Block Trading’ mechanism on 2,550,000 shares in the company at an overall value of EGP 39,984,000.
The company had posted consolidated net profit of EGP 217.9 million for H1-14, with a rise by 128% compared with EGP 95.8 million net profit in the same period a year earlier.
Standalone financial statements for the same period mirrored EGP 24.1 million net profit, compared with EGP 29.3 million net profit in H1-13.
The company had posted EGP 121.9 million consolidated net profit for Q1-14, compared with EGP 33.5 million net profit in the same period a year earlier.
Pioneers is capitalized at EGP 2.5 billion, divided into 500 million shares at EGP 5 par value each.