Cairo – Mubasher: Mena Touristic and Real Estate Investment brought down its losses for the second quarter of 2016 by 25%.
The company logged losses of EGP 3.4 million ($381,000) in Q2-2016, compared with EGP 4.55 million ($511,000) for the same period of the previous year.
As for the first half of 2016, the company said its profits declined to EGP 8.1 million from EGP 32 million for the comparable period of 2015, down by 74%.
Mena Touristic saw revenues of EGP 64 million in H1-2016, up by 10% from EGP 57.68 million for the same period of the preceding year.
