Cairo – Mubasher: The standalone net losses of Remco for Tourism Villages Construction plummeted to EGP 51.16 million during the first quarter (Q1) of 2022 from EGP 272.59 million in Q1-21.

During the January-March 2022 period, the earnings per share (EPS) declined to EGP 0.20 from EGP 1.10 in Q1-21, according to bourse disclosure on Sunday.

Last year, Remco reported consolidated net losses of EGP 455.31 million, higher by 2.60% than EGP 443.39 million in 2020.