Remco swings to profitability in H1 2024

Updated 7/28/2024 11:48:00 AM
Remco swings to profitability in H1 2024

Arab Finance: Remco for Tourism Villages Construction’s (RTVC) recorded EGP 144.335 million in consolidated net profits after tax and non-controlling interest in the first half (H1) of 2024, versus net losses of EGP 187.797 million in H1 2023, a statement showed.

Meanwhile, the company’s standalone net losses after tax fell to 71.944 million in the January-June period, down from EGP 80.294 million in the corresponding period last year.

Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.

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