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El Shams Pyramids sees $56.6m block-trading deal

El Shams Pyramids sees $56.6m block-trading deal
The transaction involved the trading of 22.22 million shares
El Shams Pyramids
SPHT
0.00% 2.55 0.00

Cairo - MubasherEl Shams Pyramids for Hotels and Touristic Projects witnessed a block-trading deal worth $56.66 million on Tuesday. 

The transaction involved the trading of 22.22 million shares, according to a statement by the Egyptian Exchange (EGX). 

During the first quarter (Q1) of 2021, the company logged net losses of $1.77 million, versus net profits of $256,217 in Q1-20.

The company recorded a deficit of $222,167 in the January-March period, compared to revenues of $1.47 million in the same period a year earlier.