Arab Finance: Sharm Dreams Company for Tourism Investment (SDTI) posted an 83.83% year-on-year (YoY) drop in losses for the first quarter (Q1) of 2023, according to the financial statement filed to the Egyptian Exchange (EGX) on May 28th.

The company suffered a net loss after tax of EGP 2.090 million in Q1 2023, compared to EGP 12.928 million in Q1 2022.

Operating revenues rose to EGP 20.644 million during the first three months of this year from EGP 2.663 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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