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ERC's losses reach EGP 13M ending June 2019

ERC's losses reach EGP 13M ending June 2019

ArabFinance: Egyptian Resorts Company (EGTS) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending June 30, 2019.

The company posted consolidated net profits of EGP 12,831,760, compared to net profits of EGP 9,316,972 in the same period a year ago, taking into account the minority rights.

Moreover, it incurred standalone net losses of EGP 44,341,709, compared to net losses of EGP 7,319,291 in the same period last year.

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