Arab Finance: Mena for Touristic and Real Estate Investment (MENA) consolidated net losses attributable to the parent company dropped 38.9% year on year (YoY) in 2023 to EGP 9.477 million, compared to EGP 15.523 million, as per a filing.
The company generated operating revenues of EGP 10.665 million last year, up from EGP 4.226 million in the prior year.
Likewise, the company’s standalone net losses after tax dropped to EGP 5.718 million in 2023 from EGP 8.119 million in 2022.
Mena, established in 1980, operates in the fields of construction, real estate investment, project management, and urban development both locally and internationally.