Remco’s unaudited standalone losses shrink 67% YoY in 2022

Updated 7/4/2023 11:21:00 AM
Remco’s unaudited standalone losses shrink 67% YoY in 2022

Arab Finance: Remco for Tourism Villages Construction (RTVC) has posted a 67.2% year-on-year (YoY) drop in its standalone net losses after tax in 2022, as per the unaudited financial indicators on July 4th.

The company’s standalone losses amounted to EGP 117.686 million last year, down from EGP 358.765 million in the year before.

Meanwhile, standalone revenues were valued at EGP 364.633 million in 2022, with a 40.11% YoY decrease from EGP 608.790 million.

Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.

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