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Marsa Marsa Alam reports 32% loss decline

Marsa Marsa Alam reports 32% loss decline

ArabFinance: Marsa Marsa Alam for Tourism Development (MMAT) reported a 32% Year on Year decline in its net loss for 2019, according to an April 30th disclosure filed to the Egyptian Exchange.

Net loss reached EGP 1,915,261 in 2019, a drop from EGP 2,835,218 suffered a year earlier.

In the first nine months of 2019, the company incurred a net loss of EGP 1,967,356, compared to 1,952,743 in the same period year ago.

Marsa Marsa Alam, formerly Marsa Alam for Touristic Development (MATD), a member of Kharafi Group, is an Egypt-based company that is engaged in the development and construction of different touristic communities and villages.

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