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Zeta Investment cuts stake in Mansoura Poultry

Zeta Investment cuts stake in Mansoura Poultry
The transaction involved the sale 650,000 shares for EGP 27.38 million
Mansoura Poultry
MPCO
-6.41% 1.60 -0.11

Cairo - Mubasher: Zeta Investment slashed its stake in Mansoura Poultry to 6.77% from 9.97% for EGP 27.38 million. 

The transaction involved the sale of 650,000 shares at an average price of EGP 42.28 apiece, according to a bourse disclosure on Wednesday.

Mega Investments Brokerage acted as a broker in the transaction. 

During the first quarter (Q1) of 2021, Mansoura Poultry achieved net profits of around EGP 450,480, compared to EGP 9.46 million in Q1-20.

The revenues declined to EGP 32.78 million in the January-March period from EGP 47.97 million in the year-ago period.