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Shareholder increases stake in DAPH to 5%

Shareholder increases stake in DAPH to 5%
(Photo Credit: Arabianeye-Reuters)

Cairo - Mubasher: Shareholder Hani Osman Hussein Al Hinnawy increased his stake in Development and Engineering Consultants Company (DAPH) from 4.69% to 5.01%, Honest Brokerage and Book Keeping stated.

Al Hinnawy bought 51,000 shares worth EGP 589.010 at EGP 11.55 per share, the company said in a statement to Egyptian Exchange (EGX) on Thursday.

DAPH’s capital amounts to EGP 226.8 million distributed on 16.2 million shares with a nominal value of EGP 14 per share.

The company’s profits during 2016 rose 230.8% to EGP 46.59 million compared to EGP 14.08 million last year.

At the end of Wednesday’s trading session, DAPH’s stock rose 8.07% reaching EGP 11.52.