Trans Oceans’ profits surge 985.1% YoY in 9 months

Updated 11/5/2024 1:28:00 AM
Trans Oceans’ profits surge 985.1% YoY in 9 months

Arab Finance: Trans Oceans Tours (TRTO) reported a 985.11% year-on-year (YoY) hike in net profits after tax during the first nine months of 2024, the firm stated.

Net profits came in at EGP 13.171 million in the nine-month period, compared to EGP 1.214 million over the corresponding period last year.

Likewise, revenues soared to EGP 27.415 million from EGP 8.489 million.

Trans Oceans is an Egypt-based public shareholding company engaged in the provision of tourism and transportation-related services.

The company provides several types of touristic services, such as transportation arrangements, accommodation and hotels booking, and airlines reservation services inside and outside of Egypt.

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