Trans Ocean turns profitable in Q1

Updated 5/18/2022 10:01:00 AM

ArabFinance: Trans Oceans Tours (TRTO) has switched to profitability during the first quarter (Q1) of 2022, recording a net profit after tax of EGP 316,920, compared to a net loss of EGP 1,802 in the same quarter a year earlier, according to financial indicators filed to the Egyptian Exchange (EGX) on Wednesday.

Revenue grew to EGP 2.212 million in Q1-2022, from EGP 1.409 million in Q1-2021.

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.