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Sharm Dreams loses EGP 15M

Sharm Dreams loses EGP 15M

ArabFinance: Sharm Dreams Company for Tourism Investment (SDTI) suffered a net loss of EGP 14.7 million during the first quarter (Q1) of 2021, according to the company’s filing to the Egyptian Exchange.

In Q1 2020, the company’s net loss recorded EGP 600,000.

In 2020, the company incurred a net loss of EGP 27.54 million, against a net profit of EGP 65.68 million in 2019.

Sharm Dreams is an Egypt-based public shareholding company that operates in the tourism and entertainment industry. The company focuses on the construction and operation of hotels, touristic resorts, and villages, as well as commercial complexes and entertainment centers.

 

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