Marsa Marsa Alam reports 32% loss decline
Updated 5/3/2020 10:37:19 AM
ArabFinance: Marsa Marsa Alam for Tourism Development (MMAT) reported a 32% Year on Year decline in its net loss for 2019, according to an April 30th disclosure filed to the Egyptian Exchange.
Net loss reached EGP 1,915,261 in 2019, a drop from EGP 2,835,218 suffered a year earlier.
In the first nine months of 2019, the company incurred a net loss of EGP 1,967,356, compared to 1,952,743 in the same period year ago.
Marsa Marsa Alam, formerly Marsa Alam for Touristic Development (MATD), a member of Kharafi Group, is an Egypt-based company that is engaged in the development and construction of different touristic communities and villages.
