Cairo – Mubasher: Asmak Co has raised its stake in Porto Group Holding to 18.17% from 17.47% in a deal worth EGP 4.92 million.

The transaction included the purchase of 8.2 million shares at an average price of EGP 0.59 apiece, according to a statement to the Egyptian Exchange (EGX) on Monday. 

In the first half (H1) of 2021, Porto Group Holding turned to consolidated net profits of EGP 71.79 million, versus net losses of EGP 24.7 million in the year-ago period, including minority shareholders' rights.