Egypt: El Shams Pyramids’ net losses surge 769% YoY in 2024

A trader works at the Egyptian stock exchange in Cairo, Egypt September 23, 2019.Mohamed Abd El Ghany

The EGX-listed firm generated sales amounting to $128,610 at the end of December 2024

Staff Writer, Arab Finance

February 24, 2025

PHOTO
A trader works at the Egyptian stock exchange in Cairo, Egypt September 23, 2019.Mohamed Abd El Ghany

Egypt - El Shams Pyramids for Hotels and Touristic Projects achieved 769% year-on-year (YoY) higher net losses after tax at $899,770 in 2024, compared to $103,576, as per the unaudited financial results.

The EGX-listed firm generated sales amounting to $128,610 at the end of December 2024. This is compared to a loss in revenues of $355,296 in 2023.

Founded in 1976, El Shams Pyramids is an Egyptian public joint-stock company.

The company owns, operates, and manages Le Meridien Pyramids Hotel in Cairo which consists of 655 rooms, swimming pools, cafes, and restaurant and recreation facilities.

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