Cairo – Mubasher: The consolidated financial statements of the Egyptian Company for International Touristic Projects (Americana Egypt) showed a 29.12% decline in net profits during the first nine months of the year.

Net profits after taxes amounted to EGP 65.08 million during the nine-month period, compared with EGP 91.83 million between January and September 2018.

Revenues rose during the same period by 12.6% to EGP 3.13 billion, up from EGP 2.78 billion.

Standalone financial results showed a 35.8% decrease in net profits to EGP 80.07 million, while standalone revenues registered EGP 2.82 billion, increasing by 11.9%.