Remco suffers EGP 47m consolidated losses in 9 months

Cairo - Mubasher: Remco for Tourism Villages Construction said its consolidated losses for the first nine months of 2015 widened by 109.76% to EGP 47.09 million, a bourse filing said on Monday.

The company posted EGP 22.44 million in losses in the similar period of the previous year.

Meanwhile, the company's standalone financial statements for the same period reflected losses of EGP 33.73 million, compared with EGP 18.1 million a year earlier.

The firm suffered losses of EGP 20 million in the first half of 2015.

Mubasher Contribution Time: 30-Nov-2015 09:00 (GMT)