Mena Touristic losses widen to EGP 5M in 1Q2019

Updated 5/15/2019 12:29:00 PM

ArabFinance: Mena Touristic & Real Estate Investment (MENA) announced in a statement sent to EGX, the audited financial results for the fiscal period starting January 1, 2019, and ending March 31, 2019.

The company incurred consolidated net losses of EGP 5,221,275, versus net losses of EGP 3,827,781 in the same period a year ago, taking into account the minority rights. 

Moreover, it incurred standalone net losses of EGP 3,089,082, against posting net profits of EGP 779,402 in the same period last year.