Egypt: Rowad Tourism’s standalone losses shrink 98% in Q1

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Al Rowad is an Egypt-based public shareholding company that operates in the tourism industry

Staff Writer, Arab Finance

July 24, 2023

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Arab Finance: Rowad Tourism’s (Al Rowad) standalone net losses after tax dropped 97.5% year on year (YoY) in the first quarter (Q) of 2023 to EGP 670,129, versus EGP 26.460 million, as per a disclosure on July 24th.

The company recorded revenues of EGP 1.160 million in the three-month period, compared to losses of 23.978 million over the same period of last year.

Al Rowad is an Egypt-based public shareholding company that operates in the tourism industry.

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