Arab Finance: Rowad Tourism (Al Rowad) (ROTO) turned to losses during the first nine months of 2022, according to the consolidated financial statement filed to the Egyptian Exchange (EGX) on December 6^th.

The company incurred a consolidated loss attributable to the parent company of EGP 27.19 million in the nine-month period ended September 30^th, versus a profit of EGP 12.45 million during the same period a year earlier.

As per the standalone financial statement, Rowad suffered a net loss after tax of EGP 18.38 million in the January-September period of 2022, versus a net profit of EGP 18.32 million in the year-ago period.

Rowad is an Egypt-based public shareholding company that operates in the tourism industry.