Rowad Tourism Co. posted EGP6.9 million ($904 thousands) net profit in 2014 against EGP296.2 thousands ($38.8 thousands) in losses for 2013, the company said in its consolidated financial statements for the fiscal year ended in December 31, 2014.

Meanwhile, the company has disclosed its standalone financial statements for 2014, which showed EGP8.4 million net profit compared with EGP1.9 million for 2013.

Rowad reported EGP4.9 million net profit in the first nine-months of 2014.