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Rowad Tourism turns to loss in nine months

Rowad Tourism turns to loss in nine months
Photo Credit: Arabianeye - Reuters
Al Rowad
ROTO
-5.00% 34.02 -1.79

Cairo – Mubasher: Rowad Tourism said Sunday it turned to losses in the first nine months of 2015.

The company suffered EGP 3.4 million standalone net loss for the nine-month period, against EGP 10.2 million net profit in the prior-year period.

The company’s consolidated financial results for the first half of 2015 showed EGP 3.05 million losses, versus EGP 7.43 million earnings in the corresponding period a year ago.