Egypt: Pioneers Properties sees $1.65mln block trading deal

The block deal was executed on 25mln of the company's shares

Staff Writer, Mubasher

April 28, 2023

PHOTO

Cairo - The Egyptian Exchange (EGX) announced, on 27 April 2023, a block trading deal worth EGP 51 million on the shares of Pioneers Properties for Urban Development.

The block deal was executed on 25 million of the company's shares, according to a bourse disclosure.

During the September 2021-December 2022 period, the EGX-listed firm posted consolidated net profits after tax worth EGP 217.32 million, including non-controlling interest.

Revenues amounted to EGP 8.60 billion as of 31 December 2022, while the earnings per share (EPS) hit EGP 0.20.

Meanwhile, Pioneers Properties registered standalone net profits after tax valued at EGP 2.09 million since it began operating on 8 September 2021 until the end of 2022.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO