Cairo – Mubasher: Sharm Dreams Company for Touristic Investment logged net profits after tax valued at EGP 2.18 million in the first quarter (Q1) of 2024, versus losses worth EGP 1.68 million in Q1-23.

Earnings per share (EPS) hit EGP 0.04 as of 31 March 2024, against a loss per share of EGP 0.03 a year earlier, according to a bourse filing.

The revenues increased to EGP 45.36 million in the first three months (3M) of 2024 from EGP 20.64 million in Q1-23.

Total assets hit EGP 2.18 billion as of 31 March 2024, compared to EGP 1.66 billion at the end of 31 December 2023.

In 2023, the National Bank of Egypt (NBE) exited from the board membership of Sharm Dreams.