Elwadi for International Investment’s net losses fall 82.6% YoY in 2022
Updated 8/20/2023 9:06:00 AMArab Finance: Elwadi for International Investment and Development (ELWA) reported an 82.58% year-on-year (YoY) decrease in net losses after tax during 2022, according to the company’s financial statement filed to the Egyptian Exchange (EGX) on August 20th.
Net loss after tax amounted to EGP 1.917 million in 2022, compared to EGP 11.008 million in 2021.
Revenues rose to EGP 16.211 million last year from EGP 8.927 million a year earlier.
Established in 1998, ELWA is a company engaged in the tourism investment sector. It focuses on the establishment and operation of hotels, motels, and hotel apartments.
