Rowad Tourism (Al Rowad) posted a 240.21% year-on-year (YoY) rise in its consolidated net losses after tax and non-controlling interest in the first half (H1) of 2024.

Rowad Tourism’s (Al Rowad) consolidated net profits attributable to the parent company declined by 70.6% year on year (YoY) to EGP 356,708 in the first quarter (Q1) of 2024, compared to EGP 1.213 million in Q1 2023.

Rowad Tourism (Al Rowad) posted a 77.63% year-on-year (YoY) plunge in its consolidated net losses after tax and non-controlling interest in 2023, hitting EGP 9.427 million from EGP 42.140 million, according to the company’s financial statement on March 31st.

Rowad Tourism (Al Rowad) posted an 87.7% year-on-year (YoY) drop in its consolidated net losses after tax and non-controlling interest in the first nine months of 2023 to EGP 3.344 million from EGP 27.192 million.

Rowad Tourism (Al Rowad) posted a 76% year-on-year drop in its standalone net losses after tax the first nine months of 2023.

Rowad Tourism’s (Al Rowad) posted a 97.2% year-on-year drop in its consolidated net losses after tax and non-controlling interest in the first half (H1) of 2023.

Rowad Tourism’s (Al Rowad) standalone net losses after tax dropped 93.42% year on year (YoY) in the first half (H1) of 2023 to EGP 2.420 million, from EGP 36.801 million, as per a disclosure on August 27th.

Al Rowad is an Egypt-based public shareholding company that operates in the tourism industry.

Rowad Tourism’s (Al Rowad) standalone net losses after tax dropped 97.5% year on year (YoY) in the first quarter (Q) of 2023 to EGP 670,129, versus EGP 26.460 million.

The company recorded a consolidated net loss attributable to the parent company of EGP 42.140 million in 2022, versus a net profit of EGP 5.536 million in 2021.