Egyptian Resorts' losses shrink to EGP 15M ending Sept. 2019

Updated 12/29/2019 11:18:01 AM

ArabFinance: Egyptian Resorts (EGTS) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending Sept. 30, 2019. 

The company incurred consolidated net losses of EGP 15,299,114, compared to net losses of EGP 25,630,691 in the same period a year ago, taking into account the minority rights.  

Moreover, it incurred standalone net losses of EGP 57,137,527, compared to net losses of EGP 22,575,820 in the same period last year.