Sharm Dreams becomes profitable in Q1

Updated 6/5/2024 9:33:00 AM
Sharm Dreams becomes profitable in Q1

Arab Finance: Sharm Dreams Company for Tourism Investment (SDTI) posted net profits after tax worth EGP 2.187 million for the first quarter (Q1) of 2024, versus net losses totaling EGP 1.680 million during the first three months of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on June 5th.

Operating revenues rose to EGP 45.363 million during the first three months of this year from EGP 20.644 million in the same period a year earlier.

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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