Cairo - Mubasher: Sharm Dreams Co. for Touristic Investment turned to losses in the first nine months of 2015, with around EGP 3.6 million.

The company reported profits of EGP 5.3 million for the comparable period of 2014.

The company's gross profits stood at EGP 16.2 million for the nine-month period, down from EGP 16.8 million a year earlier.

Sharm Dreams said it posted net profits of EGP 2.9 million for the third quarter of 2015, down from EGP 5.7 million for the same period of the previous year.