Cairo – Mubasher: Target For Real Estate Investment, Development, Agricultural Reclamation and Tourism Development has raised its stake in Mansoura Poultry to 6.22% from 3.48%. 

The company purchased 11.09 million shares for EGP 26.96 million, averaging EGP 2.43 apiece, according to a statement to the Egyptian Exchange (EGX) on Monday. 

During the first half (H1) of 2021, Mansoura Poultry incurred net losses of EGP 8.86 million, versus net profits of EGP 17.01 million in H1-20. 

The net activity revenues fell to EGP 52.89 million in the January-June period, compared to EGP 90.52 million in the year-ago period.