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Egyptian Resorts widens losses in Q1

Egyptian Resorts widens losses in Q1

ArabFinance: Egyptian Resorts Company (EGTS) announced Tuesday, in a statement sent to EGX, the financial results for the fiscal period starting January 1, 2018, and ending March 31, 2019.

The company posted consolidated net losses rose to EGP 5.5 million in the first quarter of 2019, versus EGP 726,309 profits in the year-ago period.

Moreover, it posted standalone net losses of EGP 20.2 million in the three-month period of 2019, compared to EGP 5.47 million recorded in the year before. 

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