Cairo – Mubasher: The unaudited standalone financial results of Remco for Tourism Villages Construction recorded an 86% year-on-year loss increase during the first nine months of 2019.
The company suffered net losses of EGP 204.4 million in the January-September period, compared to EGP 110.3 million in the prior-year period, according to a statement to the Egyptian Exchange (EGX) on Thursday.
It is noteworthy that during the first half of 2019, Remco’s net loss surged to EGP 130.85 million from EGP 82.06 million in H1-18.
