El Wadi cuts losses by 1.5% YoY in 9 months
Updated 11/20/2022 12:51:41 PM
Arab Finance: El Wadi for International and Investment Development (ELWA) cut net loss after tax by 1.46% year-on-year (YoY) to EGP 1.94 million in the first nine months of 2022 from EGP 1.97 million, according to the financial indicators filed to the Egyptian Exchange (EGX) on November 20th.
Revenue dropped to EGP 10.71 million in the nine months ended June 30th from EGP 17.078 million during the same period a year earlier.
El Wadi is an Egypt-based company engaged in the tourism investment sector. The company focuses on the establishment and operation of hotels, motels, hotel apartments, gymnasiums, and sauna facilities.
