Marsa Marsa Alam’s net losses decrease 5.8% YoY in H1

Updated 8/15/2023 9:25:00 AM
Marsa Marsa Alam’s net losses decrease 5.8% YoY in H1

Arab Finance: Marsa Marsa Alam for Tourism Development recorded a 5.76% year-on-year (YoY) decrease in net loss after tax during the first half (H1) of 2023, reaching EGP 1.119 million, compared to EGP 1.265 million, according to the financial statement filed to the Egyptia Exchange (EGX) on august 15th.

The company did not register any revenue in H1 of 2023.

Established in 2003, MMAT is an Egypt-based company that is engaged in the development and construction of different touristic communities and villages