ArabFinance: Remco for Tourism Villages Construction (RTVC) posted a standalone net loss of EGP 388.91 million during the January-September period of 2021, compared to EGP 52.21 million in the same period a year earlier, according to the company’s statement to the Egyptian Exchange.

It is worth noting that the listed company posted a consolidated net loss before minority interest of EGP 265.914 million in the first half (H1) 2021.

Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.

The company acquires plots of land, designs the development, sells individual units, and retains ownership of public areas such as hotels, landscaped areas, housing complexes, beaches, and water and sewage treatment plants.