Trans Ocean’s profits plunge 89.7% YoY in Q1

Updated 5/28/2023 9:00:00 AM
Trans Ocean’s profits plunge 89.7% YoY in Q1

Arab Finance: Trans Oceans Tours (TRTO) has reported 89.74% year-on-year (YoY) lower profits after tax during the first quarter (Q1) of 2023, recording EGP 32,528, compared to EGP 316,920, according to financial indicators filed to the Egyptian Exchange (EGX) on May 28th.

Revenue dropped to EGP 1.950 million during the first three months of this year from EGP 2.211 million in Q1 2022.

Trans Oceans is an Egypt-based public shareholding company engaged in the provision of tourism and transportation-related services.

The company provides several types of touristic services, such as transportation arrangements, accommodation and hotels booking, and airlines reservation services inside and outside of Egypt.

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