Cairo – Mubasher: Remco for Tourism Villages Construction (Remco) logged deeper consolidated losses in the first quarter of 2016, according to a bourse filing.
Its Q1 losses soared by 538% year-over-year to EGP 60 million ($6.73 million) from EGP 9.4 ($1.1 million).
Meanwhile, its standalone losses reached EGP 24.7 million ($2.7 million) in Q1-16, compared to EGP 3.2 million ($359,000) for Q1-15.
Over the course of 2015, the company earned EGP 55.8 million.
