ArabFinance: Trans Oceans Tours (TRTO) posted a 78.49% Year on Year decline in its net profit for quarter one (Q1) of 2020, according to the company’s June 3rd financial statements filed to the Egyptian Exchange.

Net profit reached EGP 641,922 in Q1 2020, compared to EGP 2,983,629 achieved in Q1 2019.

In 2019, the company posted net profit of EGP 5,201,008, a 169.6% increase from EGP 1,929,164 achieved a year earlier.

Trans Oceans is an Egypt-based public shareholding company engaged in the provision of tourism and transportation-related services. The company provides several types of touristic services, such as transportation arrangement, accommodation and hotels booking, and airlines reservation services inside and outside of Egypt.