Arab Finance: Rowad Tourism (Al Rowad) posted a 77.63% year-on-year (YoY) plunge in its consolidated net losses after tax and non-controlling interest in 2023, hitting EGP 9.427 million from EGP 42.140 million, according to the company’s financial statement on March 31^st.

It recorded total revenues of EGP 49.412 million during the 12-month period, compared to revenue losses of EGP 4.727 million during 2022.

Also, the firm reported a 79.5% YoY decrease in its standalone net losses after tax totaling EGP 5.897 million, compared to EGP 28.773 million.

Al Rowad is an Egypt-based public shareholding company that operates in the tourism industry.

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