Cairo - Mubasher: The consolidated financial statements of Rowad Misr Tourism Investment (RMTV) showed an increase in losses by 80% in the first quarter of the year, according to a bourse filing.

The company said in a statement to the Egyptian Exchange (EGX) on Tuesday that losses reached EGP 7.01 million in Q1-17 compared to EGP 3.9 million in Q1-16.

During the first three months of 2017, revenues grew to EGP 5.7 million compared to EGP 4.5 million in the same period last year.