Cairo-Mubasher: Remco for Touristic Villages Construction posted EGP 72.2 million in consolidated net profits for the fiscal year 2014, against EGP 816,000 in net losses a year earlier, the company said in a bourse filing Wednesday.

Meanwhile, standalone net profits amounted to EGP 6.1 million, compared with EGP 9.9 million in net profits in 2013.

Consolidated financial results for the first nine months of FY14 previously showed EGP 22.4 million in net losses, compared with EGP 16.5 million in net losses for the same period a year earlier.