Cairo - Mubasher: Egyptian Company for International Tourism Projects (Americana Egypt) posted on Thursday a consolidated net loss of EGP 1.16 million for the first quarter of fiscal year 2017, against a consolidated net profit of EGP 63.6 million for Q1-16.
Standalone profits for Q1-17 declined 77% to EGP 18.7 million from EGP 81.5 million for Q1-16, according to a bourse filing.
Consolidated revenues increased in Q1-17 to EGP 741.2 million from EGP 636.7 million for Q1-16.
