Egyptian Resorts turns to losses in 9M

Cairo – Mubasher: Egyptian Resorts Company incurred consolidated net losses of EGP 4.33 million during the first nine months of 2021, against EGP 22.183 million net profits in the year-ago period.

The company generated revenues of EGP 97.09 million in the January-September period of 2021, down from EGP 162.1 million in the corresponding period of 2020, according to a bourse filing on Tuesday.

As for the standalone businesses, the company recorded net losses of EGP 17.756 million in the first nine months of 2021, against net profits of EGP 8.022 million in the same period of 2020.

It is noteworthy to mention that during the first half (H1) of 2021, the company logged net losses of EGP 13.56 million, versus EGP 23.64 million profits in the same half of 2020.

Mubasher Contribution Time: 23-Nov-2021 10:44 (GMT)
Mubasher Last Update Time: 23-Nov-2021 10:45 (GMT)