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Marsa Alam H1 profit plunges 88% y/y

Marsa Alam H1 profit plunges 88% y/y
Marsa Marsa Alam
MMAT
4.76% 2.20 0.10
Marsa Marsa Alam For Tourism Development posted a drop by 87.7% in H1-14 net profit to EGP 204.61 thousand, from EGP 1.664 million net profit reported in the year-ago period.
The company had posted EGP 3.287 million net profit in FY13, with 184% surge year-over-year from EGP 1.154 million.