The ordinary general meeting of Mena Touristic & Real Estate Investment Co. approved financial statements, as well as the board and auditor’s reports, for the fiscal year that ended on December 31, 2013.

FY13 financial statements showed the company posted EGP 19,4 million net profit against EGP 27,2 million loss in 2012.

Meanwhile, standalone financial statements showed 4,7 million net profit in 2013 against EGP 31,2 million net loss in 2012.

Shareholders also approved the discharge of board members from liability for the same FY, in addition to the appointment of an auditor for specified fees for FY14.