Remco for Touristic Villages Construction has posted EGP 22.4 million consolidated net loss for the first nine months of FY14, compared with EGP 16.5 million net loss in the same period a year earlier.
Non-consolidated net loss for the same period amounted to EGP 18.1 million.
Consolidated financial results for H1-14 had shown net loss of EGP 34.1 million, against EGP 2.1 million net profit in the same period a year earlier.
The company had posted standalone net loss of EGP 16.8 million for H1-14, deepening 116% compared with EGP 7.8 million net loss in the corresponding period a year earlier.