Cairo – Mubasher: Egyptian Transport and Commercial Services Co’s (Egytrans) board of directors decided to sell the company’s treasury stocks.

Upon completion of the required procedures, the company will sell 2.21 million treasury stocks, according to a statement to the Egyptian Exchange (EGX) on Wednesday.

During the first half of 2019, Egytrans’ net profits declined to EGP 23.69 million, compared to EGP 24.96 million in the year-ago period, according to the company’s unaudited consolidated financial results.