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Marsa Alam Q1 profits climb to EGP 1.1m

Marsa Alam Q1 profits climb to EGP 1.1m
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Marsa Marsa Alam
MMAT
4.75% 3.37 0.16

Cairo-Mubasher: Marsa Marsa Alam for Tourism Development posted net earnings of EGP 1.1 million ($144,000) in the three-month period ended 31 March, a surge of 1,172% from EGP 86,700 ($11,300) a year ago.

The EGX-listed company operates with EGP 50 million capital, divided into 50 million shares at par value of EGP 1 each.