The Porto Holding Group – Porto Group – has announced the sale of the Soul Holding Co. Ltd., “Soul Global”, owned by the businessman Mansour Amer, its full stake in the group’s capital.
The group said in a statement today, Tuesday, that the Seoul company sold 50.15 million shares, equivalent to 5 percent of its remaining shares, in a deal of 28.136 million pounds.
The group added that, by executing the deal, Mansour Amer’s share will decrease to 0.75%.
Mansour Amer left the position of Chairman of the Porto Group Company 3 years ago.
The company achieved profits amounting to 91.3 million pounds during the period from January to September, compared to profits amounting to 115.8 million pounds in the comparative period of 2018, taking into consideration minority rights.
The company’s revenues decreased during the period to 1.26 billion pounds, compared to 1.37 billion pounds in the comparative period of last year.
On a quarterly basis, the company achieved 11.26 million pounds in the third quarter of this year, compared to 62.7 million pounds in the comparative quarter of last year.
On the independent business level, the company turned to profitability, achieving profits of 74.5 million pounds during the first nine months of 2019, compared to losses of 11.8 million pounds in the comparative period of 2018.
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