Remco for Tourism Villages Construction News - Mubasher Info
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07 May 05:14 AM

Remco for Tourism Villages Construction (RTVC)

Last update: 2 May 01:12 PM market time.
2.17
-0.02
-0.91%
Open 2.19
Previous Close 2.19
High 2.23
Low 2.15
Stock Statistics
Volume 336,649
Turnover 734,897.94
All data are 15 minutes late during market session

News

Photo Archive
29 April 04:01 PM Remco suffers higher net losses at EGP 1.5bn in 2023
Cairo – Mubasher: Remco for Tourism Villages Construction incurred non-consolidated net losses valued at EGP 1.55 billion in 2023, an annual hike from EGP 210.60 million. The loss per share enlarged to EGP 6.31 last year from EGP 0.85 in 2022, …
Financial Results
Photo Archive
4 December 2023 11:10 AM Remco’s standalone losses cross EGP 969m in 9M-23
Cairo – Mubasher: The standalone net losses after tax of Remco for Tourism Villages Construction hit EGP 969.14 million in the first nine months (9M) of 2023, an annual hike from EGP 47.14 million. Loss per share reached EGP 3.93 in …
Financial Results
Photo Archive
21 August 2023 02:01 PM Remco shifts to EGP 144.5m consolidated profits in H1-23
Cairo – Mubasher: Remco for Tourism Villages Construction turned to consolidated net profits after tax amounting to EGP 144.42 million in the first half (H1) of 2023, including minority interest. The generated profits were against net losses …
Financial Results
Photo Archive
2 August 2023 02:56 PM Remco witnesses plunge in 2022 consolidated losses
Cairo – Mubasher: The consolidated net losses of after tax of Remco for Tourism Villages Construction dropped to EGP 235.53 million in 2022 from EGP 455.31 million in 2021, including non-controlling interest. Revenues hit EGP 225.34 million last …
Financial Results
Photo Archive
26 July 2023 10:16 AM Remco’s Q1-23 standalone losses shrink to EGP 16m
Cairo – Mubasher: Remco for Tourism Villages Construction incurred standalone net losses after tax amounting to EGP 15.90 million in the first quarter (Q1) of 2023, compared to EGP 51.16 million in Q1-22. Non-consolidated loss per share hit EGP …
Financial Results
Photo Archive
2 March 2023 03:01 PM Remco incurs EGP 118m consolidated losses in 9M-22; turns profitable in Q3-22
Cairo – Mubasher: Remco for Tourism Villages Construction suffered consolidated net losses after tax worth EGP 117.70 million in the first nine months (9M) of 2022, versus EGP 334.48 million in 9M-21, including minority interest. The loss per …
Financial Results
Photo Archive
19 February 2023 04:55 PM Remco’s EGM nods to EGP 700m sale deal
Cairo – Mubasher: The shareholders of Remco for Tourism Villages Construction agreed to sell the Stella Hotel in Sharm El-Sheikh at a total value of EGP 700 million, according to a bourse disclosure. National Company for Hotels and Touristic …
Companies Investments
Photo Archive
30 January 2023 05:40 PM Remco posts lower standalone losses at EGP 47m in 9M-22
Cairo – Mubasher: The standalone net losses of Remco for Tourism Villages Construction shrank to EGP 47.14 million in the first nine months (9M) of 2022, versus EGP 388.91 million in 9M-21. The non-consolidated loss per share stood at EGP 0.19 in …
Financial Results
Photo Archive
24 October 2022 10:37 AM Remco’s unit receives offer to sell hotel for EGP 700m
Cairo – Mubasher: Remco for Tourism Villages Construction said its 99.99% owned subsidiary, Scandinavian Investments & Tourism Development, has received an offer to sell Stella Di Mare Beach Hotel and Spa. The TOLIP Hotels & Resorts offered to buy …
Companies Investments
Photo Archive
14 September 2022 00:54 AM Remco witnesses lower consolidated losses at EGP 188m in H1-22
Cairo – Mubasher: The consolidated losses after tax of Remco for Tourism Villages Construction plummeted to EGP 187.79 million in the first half (H1) of 2022, versus EGP 265.77 million in H1-21. The loss per share reached EGP 0.76 in the first six …
Financial Results
Photo Archive
30 August 2022 01:53 PM Remco’s standalone losses shrink to EGP 80m in H1-22
Cairo – Mubasher: Remco for Tourism Villages Construction incurred standalone net losses after tax of EGP 80.29 million during the first half (H1) of 2022, lower than EGP 324.61 million in H1-21. The loss per share plummeted to EGP 0.33 in the …
Financial Results
Photo Archive
31 May 2022 03:59 PM Remco’s consolidated losses down in Q1-22
Cairo – Mubasher: Remco for Tourism Villages Construction reported consolidated losses of EGP 60.58 million during the first quarter (Q1) of 2022, lower than EGP 463.61 million in Q1-21. The loss per share declined to EGP 0.25 in Q1-22 from EGP …
Financial Results
Photo Archive
8 May 2022 01:19 PM Remco reports lower losses in Q1-22 results
Cairo – Mubasher: The standalone net losses of Remco for Tourism Villages Construction plummeted to EGP 51.16 million during the first quarter (Q1) of 2022 from EGP 272.59 million in Q1-21. During the January-March 2022 period, the earnings per …
Real estate
Photo Archive
6 April 2022 00:31 PM Remco sees 3% higher losses in 2021
Cairo – Mubasher: The consolidated net losses of Remco for Tourism Villages Construction rose by 2.6% year-on-year (YoY) to EGP 455.31  million in 2021 from EGP 443.39 million in 2020, including minority shareholders' rights. The company's …
Financial Results
The company has adopted a new real estate development strategy in 2015
27 September 2021 01:23 PM Remco reveals latest updates on projects in Sokhna, New Administrative Capital
Cairo – Mubasher: Remco for Tourism Villages Construction revealed the latest updates on Stella Di Mare II in Ain Sokhna and Stella Park in the New Administrative Capital.   Starting from 2015, the company has adopted a new strategy in real estate …
Real estate
The hotel business achieved a profit of EGP 47.74 million
31 August 2021 04:04 PM Remco's consolidated loss narrows 22% in H1-21
Cairo – Mubasher: The consolidated net losses of Remco for Tourism Villages Construction shrank by 22.36% year-on-year (YoY) to EGP 265.78 million in the first half (H1) of 2021, compared to EGP 342.33 million, including minority shareholders' …
Financial Results
The hotel business generated an income of EGP 12.4 million
16 August 2021 05:52 PM Remco's loss swells to EGP 325m in H1-21
Cairo – Mubasher: The standalone net losses of Remco for Tourism Villages Construction widened by 166.2% year-on-year (YoY) to EGP 324.61 million in the first half (H1) of 2021, compared to EGP 121.9 million.  The hotel business generated an …
Financial Results
Remco for Real Estate Construction owns 99.98% of Empain Tourism Investments
4 August 2021 00:16 PM Remco receives EGP 350m acquisition offer for Empain Tourism Investments
Cairo - Mubasher: Remco for Tourism Villages Construction has received an offer from a group of Egyptian investors to acquire Remco for Real Estate Construction's entire stake of 99.98% in Empain Tourism Investments Company. The offer includes the …
Mergers and Acquisitions
Empain Tourism Investments Company's FV has been estimated at EGP 76 a share
27 July 2021 00:26 PM Remco approves FV study for Empain's stock
Cairo - Mubasher: The board of directors of Remco for Tourism Villages Construction approved the fair value (FV) study prepared by Alpha Capital Financial Advisory for Financial Securities for the stock of Empain Tourism Investments Company. Remco …
Stock Evaluations
The company plans to sell its indirect stake in Empain Tourism Investments Company
8 July 2021 01:55 PM Remco hires financial advisor to assess value of Empain Tourism Investments
Cairo - Mubasher: The board of directors of Remco for Tourism Villages Construction decided to hire Dar El Khebra for Evaluation and Engineering Consulting to assess the value of Empain Tourism Investments Company.  The company plans to sell its …
Mergers and Acquisitions
Remco for Real Estate Construction owns 99.98% of Empain Tourism Investments
6 July 2021 01:14 PM Remco for Tourism Villages considers Empain Tourism Investments stake sale
Cairo - Mubasher: The board of directors of Remco for Tourism Villages Construction approved a decision to study a letter of intent submitted by a group of Egyptian investors to acquire Remco for Real Estate Construction's entire stake of 99.98% …
Mergers and Acquisitions
Remco owns a 99.87% stake in Remco for Real Estate Construction
11 March 2021 00:18 PM Remco's EGM approves Technolease's offer to acquire Orient Tours
Cairo – Mubasher: The extraordinary general meeting (EGM) of Remco for Tourism Villages Construction has approved the offer made by an expertise house company, Technolease Leasing Company, to acquire Remco for Real Estate …
Mergers and Acquisitions
Trading will remain halted until the company responds to the FRA’s inquiries
9 March 2021 00:10 PM FRA orders suspension of trading on Remco's stock
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) decided to halt trading on the stock of Remco for Tourism Villages Construction. Trading will remain suspended until the company responds to the FRA’s inquiries regarding the …
Trading Activities
Remco owns a 99.87% stake in Remco for Real Estate Construction
8 March 2021 01:08 PM Remco's stake in Orient Tours valued at EGP 1.09bn
Cairo – Mubasher: Remco for Tourism Villages Construction’s board of directors approved a valuation report conducted by Solid Capital Financial Advisory for Remco for Real Estate Construction’s 99.95% stake in Orient Tours for Hotels and …
Stock Evaluations
Banque Misr will act as the lead mandated arranger of the loan
22 November 2020 00:53 PM Remco in talks over EGP 3.3bn syndicated loan
Cairo – Mubasher: Remco for Tourism Villages Construction and its sister and subsidiary companies are in negotiations over a long-term syndicated loan worth EGP 3.3 billion. The first tranche of the loan, valued at EGP 2.438 billion, will be used …
Banking and Finance