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Egyptian Resorts turns to loss in 2018

Egyptian Resorts turns to loss in 2018

ArabFinance: Egyptian Resorts Company (EGTS) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2018, and ending December 31, 2018.

The company incurred consolidated net losses of EGP 75,232,794, versus net profits of EGP 69,462,782 in the same period a year ago, taking into account the minority rights.

Moreover, it incurred standalone net losses of EGP 59,230,496, against posting net profits of EGP 35,139,251 in the same period last year.

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