Cairo – Mubasher: Rowad Misr Tourism Investment Company achieved EGP 3.5 million losses in the second quarter of 2016 versus EGP 4.3 million profits in the year-ago period.

Revenues declined 52.4% to EGP 7.8 million in Q2-16 compared to EGP 16.4 million in Q2-15, according to a bourse filing on Thursday.

The company's consolidated losses reached EGP 7.4 million in H1-16 against EGP 2.35 million profits in H1-15.

Losses at the unconsolidated financial statements reached EGP 6.8 million in the first six months of 2016 from EGP 2.33 million in the same period of the previous year.