Mena Touristic turns to loss in 2018

Updated 3/3/2019 10:45:29 AM

ArabFinance: Mena Touristic & Real Estate Investment (MENA) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018.

The company incurred consolidated net losses of LE12,490,445, against posting net profits of LE2,490,047 in the same period a year ago, taking into account the minority rights. 

Moreover, it incurred standalone net losses of LE416,894, against posting net profits of LE2,868,666 in the same period last year.