Cairo – Mubasher: Trans Oceans Tours said it turned to losses in the first half of 2016, as it posted losses of EGP 195,000 compared with profits of EGP 200,000 at the same period of the previous year.

The company’s gross profit stood at EGP 1.3 million in H1-2016, compared with EGP 1.1 million at the same period of the previous year.

Trans Oceans posted net losses of EGP 83,290 for the first quarter of 2016.