Marsa Alam for Tourism’s losses surge 195% YoY in 2022

Updated 3/14/2023 9:36:00 AM
Marsa Alam for Tourism’s losses surge 195% YoY in 2022

Arab Finance: Marsa Alam for Tourism Development posted a 195.1% year-on-year (YoY) increase in its net losses after tax in 2021, the firm said in a financial statement sent to the EGX on March 14th.

Net losses after tax reached EGP 5.45 million in 2022, up from EGP 1.85 million in 2021.

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