Cairo — Mubasher: The Egyptian Exchange (EGX) has suspended trading on Egyptian Transport and Commercial Services Co’s (Egytrans) stock as of Tuesday, 25 December.
The Egyptian bourse ascribed the move to the firm’s plan to set up an EGP 30 million rail project.
In the first nine month of 2018, Egytrans reported a 49.2% year-on-year profit decline, registering EGP 35.92 million, against EGP 70.76 million.
Sales shrank to EGP 161.70 million from January to September, versus EGP 240.33 million in the same period last year.
