ArabFinance: Trans Oceans Tours (TRTO) reported a 75% Year on Year decline in its net profit in the first nine months of 2020, according to the company’s November 10^th unaudited financial statements filed to the Egyptian Exchange.

Net profit after tax stood at EGP 1,206,637 in the January-September period of 2020, compared to EGP 4,874,345 achieved in the prior-year period.

The company posted a net profit after tax worth EGP 951,375 during the first half of 2020.

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 arrangements, accommodation and hotels booking, and airlines reservation services inside and outside of Egypt.