Cairo – Mubasher: The net losses of Sharm Dreams Company for Touristic Investment decreased to EGP 12.92 million in the first quarter (Q1) of 2022, compared to EGP 14.77 million in the year-ago period.

The company's revenues increased to around EGP 2.66 million in Q1-22 from EGP 1.16 million in Q1-21, according to a bourse filing on Thursday.

It is noteworthy to mention that in 2021, the company's net losses amounted to EGP 29.8 million, down from EGP 36.85 million in 2020.