Mena for Touristic incurs EGP 19.8M consolidated loss in 2021
Updated 2/27/2022 9:31:41 AM
ArabFinance: Mena for Touristic and Real Estate Investment (MENA) has cut its consolidated net loss attributable to the parent company in the full-year ended December 31st 2021, according to the company’s financial statements filed to the Egyptian Exchange (EGX).
Consolidated net loss attributable to the parent company amounted to EGP 19.88 million in 2021, versus a loss of EGP 23.35 million in 2020.
The company has generated consolidated operating revenue of EGP 3.41 million last year, up from EGP 2.85 million in 2020.
On the other hand, the company has widened its standalone net loss after tax in 2021 to EGP 17.51 million from EGP 15.46 million in 2020.
Mena, established in 1980, operates in the fields of construction, real estate investment, project management, and urban development both locally and internationally.
