Arab Finance: El Wadi for International and Investment Development (ELWA) shifted to net losses of EGP 18.757 million in the first nine months of 2024, versus net profits of EGP 2.913 million a year earlier, according to the financial statements.
Revenues plunged to EGP 1.86 million at the end of September 2024 from EGP 20.831 million in 9 months of 2023.
Loss per share hit EGP 0.103, against an earnings per share (EPS) valued at EGP 0.014.
El Wadi is an Egypt-based company engaged in the tourism investment sector. The company focuses on the establishment and operation of hotels, motels, hotel apartments, gymnasiums, and sauna facilities.