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Americana Egypt turns to losses in H1-16

Americana Egypt turns to losses in H1-16
Losses amounted to EGP 24.3 million in the six-month period that ended 30 June 2017

Cairo - Mubasher: The financial indicators of the Egyptian Company for International Tourism Projects (Americana Egypt) have showed losses of EGP 24.3 million in the first half of the year versus profits of EGP 62.1 million in H1-16.

The company said in a statement to the Egyptian Exchange (EGX) on Tuesday that losses totalled EGP 890,370 against profits of EGP 76.18 million, as shown by the company’s independent financial records.

Revenues grew to EGP 1.5 billion in the first six months of 2017, compared to EGP 1.27 billion for the same period last year.