Egyptian Resorts Co. narrowed its losses by 13% in 2014, as it suffered EGP 41.4 million in losses compared with EGP 47.7 million for the previous year.

Meanwhile, the company reported EGP 44.9 million in losses in the first nine months of 2014, compared with EGP 20.4 million for the same period of 2013.

Egyptian Resorts is capitalised at EGP 1.1 billion, distributed at 1.1 billion shares at EGP 1 each.