Arab Finance: Mena for Touristic and Real Estate Investment (MENA) incurs consolidated net loss attributable to the parent company of EGP 7.69 million in the first nine months of 2022, down from EGP 9.28 million in the year-ago period, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on November 13th.
The company has generated consolidated operating revenue of EGP 2.07 million in the period from January 1st to September 30th, down from EGP 3.30 million in the same period last year.
Moreover, the company has cut its standalone net loss after tax in the January-September period to EGP 2.80 million from EGP 6.26 million in the corresponding period of 2021.
Mena, established in 1980, operates in the fields of construction, real estate investment, project management, and urban development both locally and internationally.